Talga Group Ltd. (AU:TLG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Talga Group Ltd. has announced the successful completion of an oversubscribed Prospectus Offer which, along with a recent institutional placement, has raised a total of A$18.5 million for the company. The funds will be used to develop their Vittangi Anode Project, expansion studies, and their joint venture with SQM in lithium, as well as for general working capital. Due to the oversubscription, the company will be issuing new shares and has initiated a scale-back and refund process for excess applications.
For further insights into AU:TLG stock, check out TipRanks’ Stock Analysis page.
