17
Dec
10:23
Neo Lithium secures CATL equity investment
Canadian lithium exploration and production firm Neo Lithium has closed an investment from Chinese electric vehicle (EV) battery manufacturer, Contemporary Amperex Technology (CATL).
The strategic equity investment was closed on Wednesday after an initial announcement in mid-September, Kallanish reports. Under the terms of the agreement, CATL will invest just under CAD 8.6 million ($6.77 million) through the subscription of 10,217,503 common shares of Neo Lit…
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