Elevra Lithium Starts $20 Million Share Plan, Stock in Focus
Elevra Lithium shares closed at A$11.41 Tuesday, down 1.1%, as the company launched a share purchase plan aiming to raise up to A$20 million. The offer follows a fully underwritten A$275 million institutional placement at A$12.20 per share. Eligible retail investors can apply for up to A$30,000 in new shares. The new funds target expansion at Elevra’s North American Lithium project in Quebec.