Neometals Ltd (ASX: NMT) provided an update that it has received firm commitments from sophisticated, professional and institutional investors for its placement of 47,380,239 new fully paid ordinary shares, raising approximately AU$9.0 million.
The funds raised by the placement will be mainly used towards activities at the Primobius LiB recycling development, lithium chemical research development activities, to develop vanadium and titanium business units and for other working capital requirement.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
