European Lithium (ASX:EUR) has been granted a trading halt by the ASX, pending details of a capital raising.
EUR is focussed on the wholly-owned Wolfsberg Lithium Project which has a JORC resource estimate of 6.3 million tonnes at 1.17% lithium oxide.
This resource is expected to swell from a pending update.
The halt will remain in place until the opening of trade on Thursday 8th June 2017, or earlier if an announcement is made to the market.