these unlisted options are owned by Canadian-based Lithium Royalty Corp. (LRC) and Waratah Capital’s Electrification and Decarbonization Fund AIE LP
they held total 11,111,111 unlisted options with expiry date on 16/12/2025.
it makes no sense for institutional investors to convert options more than a year earlier unless they see current price is too high and future price (when option expiry) will not be at the same level again.
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