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Lithium Energy raises as Solaroz drilling starts

STRIKE Resources spin-out Lithium Energy is only three days into its maiden drilling program in Argentina, but given its location next to Allkem’s Olaroz brine development, it has been able to close a “heavily oversubscribed” placement to accelerate its plans.

Haydn Black
The first of at least 10 holes being drilled at Solaroz

The first of at least 10 holes being drilled at Solaroz

The A$15 million placement, priced at $1 per share, was managed by Canaccord Genuity, which underwrote LEL's IPO that raised $9 million at 20c in May 2021. The raising was at a discount to its prior close...

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