Lithium Universe concluded a $3.6 million capital raising for their Quebec Lithium processing hub strategy.

The funds were generated by issuing shares at 2 cents each in two tranches, with an offer of one option for every two shares, exercisable at 3 cents within 18 months.

The capital will support phases of the QLPH strategy, including feasibility studies and exploration in Canada and Australia.

Lithium Universe executive chairman Iggy Tan credited the success to investor support.