ASX-listed Lithium Australia has secured A$6.3-million in funding from The Lind Global Macro Fund to fund growth of the company’s Soluna Australia battery business, and the commercialisation of the company’s cathode business, and the growth of its battery recycling business.
Australian Lithium on Monday said that Lind would invest an initial A$3-million by way of a secured convertible loan, and a A$100 000 share placement.