See below, I’m surprised the shares have fallen given its at a premium. Would love to know who’s contributing to the raise.
Considering the shorts are hammering Lithium stocks at the minute (PLS is the most shorted stock on the ASX) they’ve done well to raise at a premium. They need to stop teasing the DSO and get a deal signed!
Frank Wheatley, CEO of Snow Lake, commented: "We are extremely pleased to have arranged and priced this Offering at $2.67 per share, representing a 45% premium to our most recent closing price, minimizing the impact of dilution to our shareholders.
"Funds raised through this raise will allow Snow Lake to continue to execute on its business plan to develop the Snow Lake Lithium™ Project into Canada's next lithium mine, and to support the EV transition in North America."
Next Steps
The proceeds from the Offering will allow Snow Lake to commence and make substantial progress on completion of the following development activities on the Snow Lake Lithium™ Project during the balance of 2023:
- Pre-feasibility study on the Snow Lake Lithium™ Project
- Winter drill program designed to expand the size and confidence of the current mineral resource
- Year 2 of the environmental baseline data collection program
- Additional metallurgical testwork, including potential bulk samples, to support the pre-feasibility study and product qualification
- Community and Indigenous consultations
- Discussions with potential off-takers for both direct shipping ore ("DSO") and spodumene concentrate
- Forums
- ASX - By Stock
- NVA
- General Chat
General Chat, page-6812
-
- There are more pages in this discussion • 1,158 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.5¢ |
Change
0.025(16.7%) |
Mkt cap ! $42.62M |
Open | High | Low | Value | Volume |
16.5¢ | 17.5¢ | 16.5¢ | $45.70K | 268.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8034 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 12268 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8034 | 0.170 |
2 | 28392 | 0.160 |
3 | 199000 | 0.155 |
7 | 177767 | 0.150 |
3 | 129254 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 12268 | 4 |
0.180 | 135245 | 7 |
0.185 | 5000 | 1 |
0.195 | 104995 | 2 |
0.200 | 38961 | 1 |
Last trade - 12.46pm 17/09/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |