Elixir Energy Ltd (ASX:EXR) MD Neil Young speaks with Proactive following the news the company has raised $7 million from institutional and sophisticated investors in a placement. Existing shareholders will be invited to participate in a share purchase plan on the same terms to raise an additional $3.5 million. The cash injection means Elixir Energy’s Grandis and Nomgon projects are now fully funded through the Daydream-2 drilling and Nomgon pilot programs.
Elixir Energy banks up to $10.5 million to fund Daydream-2 and Nomgon
