Core Lithium: Raises $100m for Finniss
- Lithium producer Core Lithium (CXO) will be undertaking a $100 million placement to speed up growth at the Finniss lithium project in the Northern Territory
- The placement will issue around 97.1 million new shares at $1.03 cents each – a 6.8 per cent discount to Core’s close of $1.10 on September 29
- Core will use the money to undertake drilling at Finnis and advance development of the proposed BP33 mine
- Further, the company has entered a trading halt which it expects to remain in until October 4
- Shares in Core last traded at $1.11 on September 29
