It is not clear how much they will need to actually dillute. They are aiming to sell part of phase 1 to investors directly instead of getting additional equity through shares. You can see what Standard Lithium has announced just recently as an example. Vulcan has said that they aim for 200m shares as maximum if possible.
News: VUL Vulcan Energy Resources Says Launched Final Phase Of Its Project-Level Financing Process, page-10
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Last
$4.66 |
Change
0.020(0.43%) |
Mkt cap ! $871.3M | |||
| Open | High | Low | Value | Volume |
| $4.65 | $4.72 | $4.62 | $917.9K | 196.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 680 | $4.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.66 | 2747 | 8 |
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| Last trade - 13.20pm 11/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |