Ookami Ltd. ( (AU:FL1) ) has provided an update.
First Lithium Limited has announced a proposed issue of securities, including unlisted options exercisable at $0.30 and expiring on June 30, 2028, with a total of 6,000,000 securities to be issued. This move is part of the company’s strategy to raise capital, potentially enhancing its market position and operational capabilities in the lithium sector, which is crucial for stakeholders given the increasing demand for lithium in various industries.
More about Ookami Ltd.
First Lithium Limited operates in the mining industry, focusing on the exploration and development of lithium resources. The company is primarily involved in the production and supply of lithium, a critical component in battery technology, catering to the growing demand for electric vehicles and renewable energy storage solutions.
YTD Price Performance: -20.0%
Average Trading Volume: 59,410
Technical Sentiment Signal: Buy
Current Market Cap: A$7.82M
Learn more about FL1 stock on TipRanks’ Stock Analysis page.