Tianqi Lithium Energy Australia Pty Ltd announced a private placement of common shares for gross proceeds of $58,823,529 on August 26, 2021. The transaction will include participation from returning investors IGO Lithium Holdings Pty Ltd for $28,823,529 and Tianqi Lithium Corporation for $30,000,000 to retain their stake. The transaction has been approved at 18th session of 5th directorate and the 15th session of the Tianqi Lithium Corporation’s 5th supervisory board.