Pilgangoora is 100% owned by PLS. PLS has agreed an equity...

Pilgangoora is 100% owned by PLS. PLS has agreed an equity placement to Ganfeng of 50M in addition to a previous issue to POSCO for 80M. This comprises the remaining equity funding needed to get to Stage 2 the remaining funds are offtake prepayments and corporate bonds. Stage 2 will bring PLS capacity to 5Mtpa.

I am happy to invest alongside major resource buyers like POSCO and Ganfeng in one of the largest lithium deposits even if EV demand is still more hype than substance.