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Core Lithium Ltd ( (AU:CXO) ) has issued an update.
Core Lithium Ltd has announced a proposed issue of securities, involving a total of 571,428,571 ordinary fully paid shares. This includes 95,238,095 shares under a securities purchase plan and 476,190,476 shares through a placement. The move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially enhancing its position in the lithium market and benefiting stakeholders by expanding its resource base.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
More about Core Lithium Ltd
Core Lithium Ltd operates in the mining industry, focusing on the exploration and production of lithium, a key component in battery manufacturing. The company is primarily engaged in the development of lithium projects, which are crucial for the growing electric vehicle and renewable energy markets.
Average Trading Volume: 11,402,593
Technical Sentiment Signal: Sell
Current Market Cap: A$257.2M
For an in-depth examination of CXO stock, go to TipRanks’ Overview page.