Australia’s mining heavyweights are itching to get their mitts on lithium assets.
West Australian explorer Delta Lithium moved to raise $70.2 million from investors on Monday with Bell Potter and Canaccord Genuity in tow. Shares were being offered at 46¢ a piece – an 11.5 per cent discount to the last traded price and a 9.2 per cent discount to the theoretical ex-rights price.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
