European Lithium announced plans to raise up to $5 million through a share placement.

Lithium stocks up on funding deals

Shares in junior lithium explorers MetalsTech and Force Commodities have spiked after the companies announced funding and joint venture agreements, while European Lithium will tap investors to progress its lithium project in Austria.

Perth-based Force said it has signed a binding heads of agreement with Mining Mineral Resources to establish a joint venture at the Kanuka lithium project in the Democratic Republic of Congo.

Force shares finished the day up 80 per cent or four cents, at nine cents.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
66thEuropean Lithium240%78%
174thArafura Resources72%-10%
208thPioneer Resources53%1%
674thEast Energy Resources-37%-34%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$18k Other
$18k Bought
$4k Bought
Total value as at the date of the transaction
Source: Morningstar


128th↑Arafura Resources$847k
129th-European Lithium$777k
131st↑Pioneer Resources$745k
132nd↑East Energy Resources$740k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from European Lithium

1398thMalcolm Day$43k
Ranked by total remuneration from all listed WA companies

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