Talga have announced a capital raising. $22m has been raised with 20m more shares issued at $1.10ea coming from institutional investors taking the companies cash position to $27m. There will also be a share purchase plan on offer raising a further $10m with investors being entitled to apply for up to $30k each.

The reason given for the raise is to fund expansion and advancement of the Vittangi Anode Project development, next generation anode R&D and commercialisation, and general working capital. Broken down below