trending Market Intelligence /marketintelligence/en/news-insights/trending/xA52jRGoVxraDO-He8b_0g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Alita Resources raises A$10M, advances lithium hydroxide joint venture

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Alita Resources raises A$10M, advances lithium hydroxide joint venture

Alita Resources Ltd. said July 25 that it issued 50 million new ordinary shares to Jiangxi Special Electric Motor Co. Ltd.'s subsidiary Weier Antriebe und Energietechnik GmbH priced at 20 Australian cents per share, amounting to gross proceeds of A$10 million, and 500,000 shares as placement fee shares pursuant to a conditional placement.

The conditional placement increased Alita's issued shares to 1,476,422,411 from 1,425,922,411. Jiangxi's interest in Alita is 9.06% of the total issued capital.

Alita and Jiangxi also signed a term sheet to progress the formal terms of their joint venture to produce and sell battery-grade lithium hydroxide and other lithium products. The joint venture allows Alita to participate in the downstream lithium products market without incurring capital costs and exposure to the risk associated with the construction of a conversion facility.