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Space group in capital raising as hunt for lithium steps up

November 28, 2022
Source: afr.com afr.com
News Snapshot:
The “ExoSphere” system operated by Fleet Space can produce detailed, three-dimensional subsurface images to enable geologists to better pinpoint prospects. Ms Tata Nardini said the whole exploration process was accelerated. Previously, drilling could take “a very, very, very long time” to obtain the same information. Bigger than previous raise Heavy demand means the launch of more nano-satellites, which are the size of a loaf of bread, are in the pipeline. This requires more funding, although Ms Tata Nardini acknowledged raising capital was becoming harder as economies around the world hit tougher times. “We’re in the middle of a capital raising,”...
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