The reduction in global expectations for the price in 2019, coupled with the trade war, will keep investors away, maintaining a downwards trend in the price for the short term.
The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.
Toronto-based private-equity firm Waterton Global Resource Management is launching a proxy fight with Hudbay Minerals, pushing to overhaul the board and oust its chief executive over alleged "mismanagement."