METS

High demand for Pacific raising

MINESITE power provider Pacific Energy has closed a rights issue oversubscribed, as it kicks off work on Western Australian lithium projects.

Staff reporter
 Pacific Energy's plant at the Savannah nickel project

Pacific Energy's plant at the Savannah nickel project

The company was seeking to raise A$21.4 million in the one-for-nine offer, but received applications for $26.6 million. The rights issue was a condition of a new $140 million debt facility provided...

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