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Nevada lithium-boron company in $40M raise

A scintillating market run that’s seen Global Geoscience’s (ASX: GSC) shares rise from less than A1c to as high as A52.5c over the past two years has been further confirmed with a A$53 million (US$40 million) underwritten institutional placement unveiled that’ll provide the funds to complete various work programs and feasibility studies at its Rhyolite Ridge lithium-boron project in Nevada.

Michael Quinn
Rhyolite Ridge in Nevada.

Rhyolite Ridge in Nevada.

The fundraising will issue new shares at A41c each and is underwritten by Citigroup, with Global Geoscience's cash balance to increase to A$85 million. The company raised $30 million last September...

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