Pilbara completes capital raise

Lithium miner Pilbara Minerals has successfully completed the retail component of its entitlement offer, raising some A$60.6-million.

The company last year announced plans to raise some A$121-million through a fully underwritten accelerated non-renounceable entitlement offer, to partly fund the $175-million buy of fellow-listed Altura Mining, in order to gain ownership of Altura’s Pilgangoora lithium project, in Western Australia.