Underwritten SPP to Complement $8.1M Investment
Filed with ASX · · 4 pages · English
Summary by 6ix AI
Core Lithium Ltd has announced an underwritten Share Purchase Plan to raise funds alongside an investment from Lithium Royalty Corporation, aimed at supporting the development of the Finniss Lithium Project. The plan allows shareholders to participate in the company's growth, with a target to raise funds for mineral resource growth and project financing. The SPP is partially underwritten and is available to eligible shareholders, with specific details and a timetable provided in the announcement. Core's Managing Director emphasized the company's commitment to transitioning into a lithium producer and maximizing shareholder value.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Core Lithium
- Strategic Investment by Lithium Royalty Corp
- Additional Lithium Product Adds to Finniss Revenue
- Beyond 10 Million Tonnes
- Initial Resource for Lees Drives Finniss Mineral Resource
- Quarterly Activities and Cashflow Report 31 March 2019
Later from Core Lithium
- NTEPA Completes Assessment of NT Lithium Project
- Strong Demand for Oversubscribed SPP
- Finniss Resource Growth and Exploration Drilling Commences
- FIRB Approval for Lithium Royalty Corp and Share Placement
- Quarterly Activities and Cashflow Report 30 June 2019
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