Core Lithium: Raises $100m for Finniss

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