A well-timed battery metals spin-off is about to hit the ASX
Stockhead, Other, 06/05/2021
A spin-off battery minerals company with ground potentially sitting above the same lithium-rich brine aquifers as Orocobre’s Olaroz lithium carbonate project in Argentina will soon hit the ASX and it’s hard to imagine a better-timed listing. Lithium Energy (to be ASX:LEL) will be spun out from the project book of iron ore-focused Strike Resources (ASX:SRK), with a $9 million IPO raise in the bank which will allow it to hit the ground running. […] Test-work carried out a few years ago with the CSIRO found the graphite material was potentially suitable for lithium-ion batteries the critical component of the EV story, of course.
Read more: https://stockhead.com.au/ipo-watch/a-well-timed-battery-metals-spin-off-is-about-to-hit-the-asx/