22
Mar
18:01
Germany-focused Zinnwald Lithium to welcome AMG as cornerstone investor
UK-based, Germany-focused lithium development company Zinnwald Lithium is looking to raise at least £14 million ($17.14m) in an equity fundraising, with major support from chemical manufacturer AMG Advanced Metallurgical Group (AMG).
Under the agreement announced Wednesday, AMG will purchase a 25% stake in Zinnwald, subscribing to 124m new ordinary shares at 10.41 British pence/share.
Net proceeds from the fundraising will be used to advance Zinnwald&rsqu…
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