Lithium Australia secures $6.3 million through funding agreement with The Lind Partners

8th December 2019 – Proactive Investors | By Karen Tan

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive on a $6.4 million funding agreement with The Lind Partners, long-time supporters of the company’s diversified battery strategy.

Lind has agreed to invest in the company through a convertible security and share purchase funding agreement with an initial investment of $3 million to fund battery sales and battery recycling growth.

Proceeds will be used alongside Lithium Australia’s current cash to fund the growth of the Soluna Australia battery business, commercialisation of the company’s cathode business and growth of its battery recycling business.

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