CXO 2.22% 8.8¢ core lithium ltd

News: CXO Core Lithium Ltd - Global Institutions Back Core Lithium $40 Million Placement, page-2

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    Core raises $40 million to advance development of the Finniss Lithium Project
    in placement to global institutional investors


    • Project substantially de-risked with funding through to construction,
    anticipated to commence prior to year-end, subject to FID

    Core well capitalised to accelerate resource drilling,
    further increase mine life,
    advance spodumene project development and
    preliminary LiOH design


    • Shares placed to a select group of high-quality global institutional investors, primarily in North America, Europe and Australia

    Demand for the Placement well exceeded the shares to be issued
    to a select group of new high-quality institutional investors,
    primarily located in North America, Europe and Australia,
    aligned with the Company’s vision of soon becoming Australia’s next lithium producer.
 
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8.8¢
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