Orocobre’s interests include its Olaroz Lithium Facility in Northern Argentina, a material JORC Resource in the adjacent Cauchari Basin and Borax Argentina, an established boron minerals and refined chemicals producer. Eligible existing institutional shareholders who bid for an amount less than or equal to their ‘pro rata’ share of New Shares under the Placement were allocated their bid in full, on a best endeavours basis. BRISBANE, Australia, Aug. 31, 2020 (GLOBE NEWSWIRE) -- The Placement will result in the issue of approximately 50.0 million new fully paid ordinary shares (Proceeds from the Placement will be used to ensure Olaroz Stage 2 is fully funded and to deliver Olaroz Stage 1 through a range of operating, COVID-19 and pricing environments, as well as capital for future growth initiatives.The Placement generated significant interest from Orocobre’s existing institutional shareholders and other institutional investors. Orocobre has entered into a non-binding MOU with PPES, a joint venture between Toyota (51%) and Panasonic (49%) specialising in the production of automotive battery cells, for … The allocation policy for the balance of the New Shares under the Placement favoured eligible existing institutional shareholders bidding above pro rata and new institutional investors with investment strategies that Orocobre believes are aligned with its business.
Today, Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company), a dynamic global lithium chemicals producer, announces its financial results for … Orocobre has relied upon Section 602.1 of the How Much Of Aberdeen Standard European Logistics Income PLC (LON:ASLI) Do Institutions Own?JPMorgan Says Key Markets Brace for a Contested ElectionMichael Novogratz Donates Ordinary Shares of Galaxy Digital Holdings Ltd.Ballard Establishes New Cross-Border US$250M ATM Equity ProgramFederal Reserve: We got it ‘wrong’ on post-crisis rate hikes'The reality is our deal makes the most sense' : Triller Executive Chairman on the company's bid for TikTokEvery Senior In United States Urged To Wear This $49 SmartwatchWalmart unveils 'ultimate life hack,' a $98 membership with access to gas, groceries and free deliveryLoan company sued thousands of low-income Latinos during pandemic: reportHow Gamelancer is helping gamers earn revenue as freelancers for hireItaly, Benetton Talks Reach Crunch Phase on Autostrade Sale PlanTesla’s Outback Big Battery Fails to Retake Crown After Upgrade The Company has commenced an expansion at Olaroz and construction of the Naraha Lithium Hydroxide Plant in Japan. For further information, please visit www.orocobre.com . JAPAN – Headquartered in Brisbane, Australia, Orocobre with Toyota Tsusho Corp. and Toyotsu Lithium Corp. have broken ground and begun construction at the Naraha lithium hydroxide plant.The plant is the first of its kind to be built in this country. These forward-looking statements are based on Orocobre's expectations and beliefs concerning future events. Toyota Tsusho will act as the exclusive sales agent.A cathode manufacturing facility is already in operation near the Naraha plant, and plans have been announced to develop a battery making facility there.View of main lithium carbonate plant at Salar de Olaroz with primary and purification circuits.
Berkshire Hathaway has bought a 5% stake in each of Japan's five biggest trading houses, marking a departure for chairman Warren Buffett as he looks beyond the US to diversify his conglomerate. For further information, please visit The following disclaimer applies to this announcement and any information contained in it (the This announcement may include forward-looking statements.
The Company has commenced an expansion at Olaroz and construction of the Naraha Lithium Hydroxide Plant in Japan.
The plant is the first of its kind to be built in the country.The plant will convert lithium carbonate feedstock sourced from the Olaroz lithium project in northern Argentina into battery grade lithium hydroxide.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction.
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