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Core raises A$40m for Finniss

ASX-listed Core Lithium will raise A$40-million in a share placement to global institutional investors to help advance the development of its Finniss lithium project, in the Northern Territory.

The company on Thursday reported that it had received firm commitments for the placement of 160-million new shares to institutional investors, at a price of 25c each, with the placement to be completed under the company’s existing placement capacity.