Lithium company Tawana Resources (ASX:TAW) announced it will release 3.5 million shares from voluntary escrow on 6 March 2018.
The securities were part of settlement for the purchase of its WA projects Cowan and Yallari lithium projects on 6 March 2017.
Tawana Resources shares are trading near its one year high.
But like a lot of lithium miners, they have been sold off of late on the back of one of the world’s biggest lithium miners sparking oversupply fears.
Shares in Tawana Resources (ASX:TAW) closed flat yesterday at $0.46.