Lithium miner Li3 closes $10m second tranche funding from Posco.
Li3 Energy, a US-based Lithium exploration company, has announced the close of $10m in second tranche funding from Posco Canada (PosCan), a regional subsidiary of South Korea-based steel maker Posco. The deal concluded an $18m financial commitment made by Posco in August last year.
The investment will come through PosCan buying $10m units at a price of $0.16 per unit. In a press release, Li3 defined a unit as “consisting of one share of common stock and a three-year warrant…
