Energy Metals Consolidation: LTR is Next
1. WES & KDR
2. A40 & GXY:
STRATEGIC INSTITUTIONAL PLACEMENTS TORAISE A$32.5 MILLIONHighlights
• Alliance executes strategic placements with Galaxy Resources Limited andJiangxi Special Electric Motor Co., Ltd group• Total gross proceeds of A$32.5 million to primarily advance Bald Hill plantupgrades and exploration
• Galaxy Resources Limited to become Alliance’s largest shareholderAlliance Mineral Assets Limited (ASX:A40, SGX:40F) (Alliance, or the Company) ispleased to announce that, on 15 May 2019, it entered into separate subscriptionagreements to raise total gross proceeds of A$32.5 million at a price of A$0.20 perplacement share (Offer Price) with Galaxy Resources Limited (ASX:GXY) (GalaxyResources) (A$22.5 million) (Institutional Placement), and with Weier Antriebe undEnergietechnik GmBH, a wholly owned subsidiary of Jiangxi Special Electric Motor Co.,Ltd (Jiangte) (A$10 million) (Conditional Placement) (together, the “Placements”).
Demand for Hard Rock Spodumene Lithium is globally edge of exponential increasing. The end users are demanding high grade, high quantity lithium to reduce their processing cost.
1. Lithium hydroxide
2. Hard rock spodumene
3. High Grade & High quantity
4. Long term supply capacity
If you investor or expert or technical or business ecumen or producer or end users then you can see how LTR is strategically important. There is no other potential supplier strategically important with high grade and high quantity with passed SC6 test than LTR.
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