- Lithium explorer Prospect Resources (PSC) has entered a two-day trading halt as it prepares to tap investors for some fresh capital
- The company is putting its shares on pause until Wednesday, October 14
- Prospect is yet to reveal the details of the raise, including how much it plans to raise and at what price
- The company is working hard to unlock the value of its flagship Arcadia Lithium Project in Zimbabwe
- Recently, the company locked in a major offtake deal with Belgian materials distributor Sibelco
- According to prospect, the 700,000-tonne, seven-year offtake deal is the largest ultra-low iron petalite offtake agreement in the world
- Shares in Prospect last traded for 19 cents each on Friday afternoon
Lithium explorer Prospect Resources (PSC) has entered a two-day trading halt as it prepares to tap investors for some fresh capital.
The details of the capital raise — including how much the company plans to raise and at what price — are yet to be announced, but Prospect is putting its shares on pause until Wednesday, October 14 as it irons out the details.
Read the full article on The Market Herald here: https://themarketherald.com.au/prospect-resources-asxpsc-gears-up-to-raise-fresh-funds-2020-10-12/
