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Core Lithium Ltd ( (AU:CXO) ) has shared an update.
Core Lithium Ltd has successfully secured $50 million through an institutional placement to accelerate the development of its Finniss Lithium Project. This funding, supported by new institutional investors from the Americas and Australia, will expedite the project’s progress towards a final investment decision by facilitating critical early works and operational readiness activities, thereby strengthening the company’s strategic position in the lithium market.
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 primarily on the exploration and development of lithium projects. The company is centered on advancing its Finniss Lithium Project, which is a significant venture aimed at tapping into the growing demand for lithium, a key component in battery technology.
Average Trading Volume: 11,402,593
Technical Sentiment Signal: Sell
Current Market Cap: A$257.2M
See more data about CXO stock on TipRanks’ Stock Analysis page.