Sayona Mining has secured a new key investor, New York‐based Obsidian Global, which has agreed to pump in A$2.75 million, starting with an initial tranche of $1 million, with the company claiming there was "renewed investor confidence in lithium sector".

 

Sayona is looking to progress its flagship Authier project in Canada and has been interested in the nearby North American Lithium mine. 

 

The second and third tranches require shareholder approval.

 

Dual-listed uranium explorer Laramide Resources has announced a private placement to raise up to C$3 million.

 

Each of the 15 million 20c units on offer will comprise a share and a share purchase warrant.

 

Parkway Minerals has raised a total of A$2.78 million.

 

A placement raised $1.67 million, while a share purchase plan raised $1.1 million.

 

The company said it was fully funded to execute its 2020 business plan.

 

Brine developer Anson Resources has issued convertible notes worth $1.09 million to its major shareholder Chia Tai Xingye International.

 

The funds will be used to advance the Paradox prefeasibility study.

 

Prospect Resources has raised $720,000 for working capital while it advances offtake and financing discussions.

 

The company is also planning a rights issue.

 

A mix of new and existing UK-based investors in European Metals Holdings have agreed to pump in £350,000 (around A$670,000) at 29.3c per share, a 1.6% discount to recent trading, to support development of the Cinovec lithium project and a proposed $55 million investment by Czech utility CEZ Group in March.

 

EMH claims to own Europe's largest hard rock lithium deposit, and second largest lithium resources overall. 

 

Cauldron Energy has completed a private placement to raise $205,002 and is in the process of finalising a further placement.

 

Silver City Minerals has raised $200,000 in a placement at 1c per share.

 

Finally, Caeneus Minerals has raised $160,594 in a placement.