Join our daily newsletter At The Bell to receive exclusive market insights
- Lithium Power International (LPI) ends the week in a trading halt as it plans for an upcoming capital raise
- It’s currently unknown how much the company is aiming to raise and what the funds will be used for
- The trading halt means company shares will be paused until Tuesday, August 24, or whenever more information on the raise is released to the market
- Lithium Power last traded at 29 cents on August 19
Lithium Power International (LPI) has ended the week in a trading halt as it plans for an upcoming capital raise.
So far, there aren’t any details on how much the company is aiming to raise or where the funds will be spent.
Under the halt, LPI shares will be paused until Tuesday, August 24, or whenever more information on the raise is released to the market.
Lithium Power is a lithium company focused in South America and holds a 51 per cent interest in the Maricunga Joint Venture.
The company recently completed stage one mining concessions at the Maricunga project, with all five core holes each reaching a target depth of 400 metres.
Additionally, LPI has its Greenbushes project in southwest Western Australia. The company is currently undertaking an extensive exploration and drilling program at the project.
On the market, Lithium Power last traded at 29 cents per share on August 19.
