Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Volt Lithium ( (TSE:LIB) ).
LibertyStream Infrastructure Partners has launched a non-brokered private placement offering of up to $10 million, issuing units at $1.10 each, with each unit consisting of one common share and one warrant exercisable at $1.50 for 36 months. The financing, conducted largely under a listed issuer financing exemption in most Canadian provinces, is intended to fund the advancement of the company’s direct lithium extraction technology, scale up lithium carbonate production at its Permian Basin field unit toward commercial output, provide product samples to prospective customers and offtakers, and support general working capital, with the expected closing in tranches later in January subject to customary regulatory and exchange approvals.
More about Volt Lithium
LibertyStream Infrastructure Partners is a lithium development and technology company focused on becoming one of North America’s first commercial producers of lithium carbonate from oilfield brine. Leveraging management’s hydrocarbon experience, the company aims to deploy its proprietary direct lithium extraction (DLE) technology into existing oil and gas infrastructure to reduce capital costs, mitigate risk and support the clean energy transition, with operations centered on field-scale lithium carbonate production in the Permian Basin in Texas.
Average Trading Volume: 926,151
Technical Sentiment Signal: Buy
Current Market Cap: C$271.8M
See more insights into LIB stock on TipRanks’ Stock Analysis page.