Lithium miner Orocobre on Friday announced a capital raise of A$126-million as the company swung to a net loss the half year ended June.
Orocobre announced that net loss of $67.1-million for the six months under review, compared with a net profit of $65.4-million for the previous corresponding period, as revenue halved from $144.6-million to $77.1-million, despite lithium production being down only 5% in the same period, at 11 922 t.