Prospect raises $10M for Zim lithium venture

ZIMBABWE-focused lithium hopeful Prospect Resources is raising A$10 million from undisclosed investors for its various ventures in Africa, with the company still awaiting finalisation of another deal involving a $10 million equity investment by a Chinese firm keen to build Prospect’s Arcadia project and buy offtake.

Prospect raises $10M for Zim lithium venture Prospect raises $10M for Zim lithium venture Prospect raises $10M for Zim lithium venture Prospect raises $10M for Zim lithium venture Prospect raises $10M for Zim lithium venture

Prospect is hoping to conclude the deal(s) with Sinomine by early next month before “Chinese New (Year) Celebrations begin”.