Pilbara raises A$91.5m for Pilgangoora

Lithium miner Pilbara Minerals has introduced a new strategic investor as part of a A$91.5-million equity raise.

The ASX-listed miner has raised A$55-million through a strategic placement to China’s largest electric vehicle battery manufacturer Contemporary Amperex Technology (CATL), which has taken an 8.5% interest in the lithium miner.