Iron ridge secure full funding from Piedmont lithium1 Jul 2021 10:07
Good rns for IRR this morning a lithium miner in Ghana.
Piedmont will fully find their lithium project and fast track it to production. In return they get a 50% off take and a large amount (number escapes me) of shares at 20p - a bit over yesterday’s close with 1 year lock in. Share price spiked 25% this morning off the back of the news.
Is this the kind of deal holders here would be happy with? I think it certainly looks better and more fair for both parties than ganfengs dodgy dealings with bcn however, there is always the possibility that Piedmont may be lining up something similar.
Lithium sector is brilliant at the moment glad to be holding znwd bcn and irr. Hopefully back over 20p today