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Lithium companies raise US$42 million in October

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Lithium miners and juniors on the TSX closed US$42 million of financing during the month of October.

The largest financing of the whole group was Neo Lithium which closed US$23M for its 3Q project located in Province of Catamarca, Argentina.

Companies in the technical metal space—cobalt, graphite and lithium—closed 19% of total financings.

Gold miners closed $163M, about two-thirds of total money raised in October. The largest financing was Dalradian Resources that is moving its Curraghinalt gold project, based in Northern Ireland, through to permitting.

Note, data is for exploration and mining companies listed on the Toronto Exchange and Canadian Venture Exchange. Tracked are companies that closed financings $1 million and above.

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