Junior miner Nemaska Lithium has raised fresh capital to build the Whabouchi lithium project, in Quebec, which faces cost overruns of about C$375-million.
Global investor Pallinghurst Group is contemplating a C$200-million private placement, at C$0.25 a share, and a standby purchase agreement to fully guarantee the successful completion of a rights offering of up to C$400-million, at the same price.