
The Rio Tinto logo is displayed above the global mining group's booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
(Corrects funding amount to A$27.5 million from A$29 million in first paragraph)
MELBOURNE (Reuters) -A lithium technology startup backed by Rio Tinto expects to finalise a funding round in the next week to raise A$27.5 million ($17.9 million), even as the global lithium market struggles, its Melbourne-based CEO told Reuters.