Junior Pivotal Metals has announced a A$4-million capital raise to advance its battery metals projects in Quebec.
The ASX-listed company on Tuesday said it had received A$3.9-million in commitments using the flow-through share provision under Canadian tax law, with the units priced at 6.34c a share, representing a 58.5% premium to Pivotal’s last closing price on May 10, and an 84.3% premium to the company’s 15-day volume weighted average share price.