Delta Lithium Announces Ballard Priority Offer for Shareholders

Delta Lithium Limited ( (AU:DLI) ) has shared an announcement.

Delta Lithium Limited has announced the opening of Ballard Mining Limited’s Priority Offer, allowing eligible Delta shareholders to subscribe for shares in Ballard. This move is part of Ballard’s IPO Offer and aims to raise $5 million, potentially enhancing Delta’s strategic positioning by leveraging its shareholder base to support Ballard’s growth.

The most recent analyst rating on (AU:DLI) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Delta Lithium Limited stock, see the AU:DLI Stock Forecast page.

More about Delta Lithium Limited

Delta Lithium Limited is an exploration and development company focused on high-quality lithium-bearing pegmatite deposits in Western Australia. The company is advancing its Lithium and Gold Projects, including the Mt Ida Lithium/Gold Project and the Yinnetharra Lithium Project, with a strategy to maximize shareholder value through systematic exploration and development.

Average Trading Volume: 830,212

Technical Sentiment Signal: Hold

Current Market Cap: A$136.1M

See more insights into DLI stock on TipRanks’ Stock Analysis page.