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Core Lithium Ltd ( (AU:CXO) ) has shared an announcement.
Core Lithium Ltd has issued 2,000,000 new ordinary shares at A$0.224 per share following the exercise of previously unquoted options. The shares were issued without a prospectus under the Corporations Act’s disclosure exemptions, with the company confirming it remains compliant with its continuous and financial reporting obligations and that there is no excluded information that would need to be disclosed to the market, signalling a routine capital structure adjustment rather than a change in strategic direction.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.23 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-listed resources company focused on the exploration, development and production of lithium assets, a key raw material for batteries used in electric vehicles and energy storage. The company targets growth in the global battery minerals market through its portfolio of lithium projects and associated resource developments in Australia.
YTD Price Performance: -14.55%
Average Trading Volume: 29,442,415
Technical Sentiment Signal: Buy
Current Market Cap: A$625.2M
See more insights into CXO stock on TipRanks’ Stock Analysis page.