CAPITAL MARKETS

Capital Watch: Lithium Plus, Pivotal and more

This week's capital raisings in the junior sector

Staff reporter

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Lithium Plus Minerals has received commitments for a $4.5 million placement to accelerate drilling at the Bynoe lithium project.

The 30c per share placement was supported by cornerstone investor Suzhou CATH Energy Technologies to increase its stake to 9.62%.

Canaccord Genuity was lead manager.

Pivotal Metals has raised $4.1 million at a premium via the Canadian flow-through share scheme.

Each flow-through unit was placed at 6.34c each, a 58% premium, and will be sold through a block trade to sophisticated and professional investors.

The funds, which must be spent in Canada, will go towards battery metals exploration in Quebec.

Copper-zinc explorer Greentech Metals has raised $3.5 million in an oversubscribed placement.

CPS Capital Group was lead manager to the 14.4c per share placement.

The funds will be used to advance the Whundo project in the Pilbara.

Tin explorer Sky Metals has raised $3.5 million at 4.5c per share, a 18.2% discount to the previous close.

Blue Ocean Equities was lead manager.

The proceeds will be used for drilling at the Tallebung tin project, scoping studies, metallurgical work at the Doradilla tin and REE project and for working capital.

Dual-listed Tempus Resources has received firm commitments for a non-brokered private placement to raise $2.5 million.

Every two 4c placement shares will come with a free-attaching listed option.

The cash will be put towards the high-grade Elizabeth gold project in British Columbia.

Mt Malcolm Mines has launched a one-for-two non-renounceable rights issue to raise $1.27 million for gold and rare earths drilling.

The 3c issue price is an 11.9% discount to the five-day volume-weighted average price.

Delta Lithium has received $1.22 million from the exercise of unlisted options.

Finally, Classic Minerals has received $494,080 from LDA Capital as part of a subscription agreement.

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