Transformational Equity Raise to Fully Fund Finniss
Filed with ASX · · 5 pages · English
Summary by 6ix AI
The placement is fully underwritten and will raise a substantial amount, while the share purchase plan is targeted at existing shareholders to further increase funding. This initiative is designed to provide certainty of funding and enhance Core's financial flexibility as it transitions from developer to producer. Funds raised will primarily be used for upfront capital costs, environmental bond payments, and working capital to support the Finniss Lithium Project.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Core Lithium
- Quarterly Activities and Cashflow Report 30 June 2021
- Definitive Feasibility Study Investor Presentation
- Stage 1 DFS and Updated Ore Reserves
- Scoping Study identifies potential for Lithium Fines
- Scoping Study Confirms 10 Year Lithium Production
Later from Core Lithium
- Equity Raising Investor Presentation
- Binding Offtake Agreement and $34 Million Equity Investment
- $91 Million Raised through Successful Placement
- Share Purchase Plan and Application Form
- Mining Services Contract signed for Finniss Lithium Project
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