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The latest announcement is out from Core Lithium Ltd ( (AU:CXO) ).
Core Lithium Ltd has announced a share purchase plan (SPP) allowing eligible shareholders to acquire up to A$30,000 worth of shares without incurring transaction costs. This SPP aims to raise approximately A$10 million, supplementing a recently completed A$50 million institutional placement. The funds will be used to advance the development of the BP33 project and strengthen the company’s financial position, supporting its strategic growth initiatives.
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 is an Australian hard-rock lithium company that owns the Finniss Lithium Operation located on the Cox Peninsula, near Darwin Port in the Northern Territory. The company focuses on critical minerals exploration and mining projects, with an emphasis on maintaining strong environmental, safety, and social standards.
Average Trading Volume: 11,589,605
Technical Sentiment Signal: Sell
Current Market Cap: A$246.4M
For a thorough assessment of CXO stock, go to TipRanks’ Stock Analysis page.