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An announcement from Core Lithium Ltd ( (AU:CXO) ) is now available.
Core Lithium Ltd has issued 253,937,459 fully paid ordinary shares at A$0.21 per share as part of Tranche 1 of a previously announced share placement to fund the restart of its Finniss Lithium Operation. The company has confirmed that the shares were issued without a prospectus under the Corporations Act disclosure exemptions, and that it remains compliant with its continuous disclosure and financial reporting obligations, with no excluded information outstanding for investors.
The notice, lodged under section 708A(5)(e) of the Corporations Act, ensures the new shares can be traded on-market without further disclosure, providing clarity and regulatory comfort to shareholders. This step formalises an important part of Core Lithium’s funding package, underpinning the restart of Finniss and reinforcing the company’s adherence to corporate governance and reporting standards in the Australian market.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.20 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 is an Australian lithium mining and exploration company listed on the ASX under the ticker CXO. The company’s key asset is the Finniss Lithium Operation in the Northern Territory, targeting the growing global battery and electric vehicle supply chain.
YTD Price Performance: -25.45%
Average Trading Volume: 22,234,277
Technical Sentiment Signal: Hold
Current Market Cap: A$545.8M
For a thorough assessment of CXO stock, go to TipRanks’ Stock Analysis page.