$2M Placement to Yahua International to Advance Finniss Lithium...

$2M Placement to Yahua International to Advance Finniss Lithium Project

HIGHLIGHTS
• Core and Ya Hua International Investment and Development Co. Ltd which is wholly owned by Sichuan Yahua Industrial Group Co., Ltd have executed a Framework Agreement and Subscription Agreement for a strategic placement and negotiation of cooperation and spodumene offtake agreements
• Yahua has committed to subscribe for $2 million at 6 cents per share at a substantial premium to Core’s recent market price
• Yahua Group is a A$2.2 billion A-share listed company on the Shenzhen Stock Exchange, and is one of China’s largest lithium hydroxide and carbonate producers, with significant expansion plans • The parties have agreed to negotiate commercial offtake arrangements for DSO lithium spodumene from Core’s lithium deposits located within the Finniss Lithium Project
• Core and Yahua will work together to advance Finniss Lithium Project into production, with a starter DSO open pit mining operation proposed from the Grants deposit
• The signing of this Framework Agreement and Subscription Agreement with Yahua reflects the strong level of interest from potential offtakers and development partners for the high grade spodumene at the Finniss Lithium Project near Darwin, Northern Territory