Media Releases › Lithium Universe

Highlights

• Binding commitments received to raise $2.14 million
• Launch of pro-rata Non-Renounceable Entitlement Offer to raise $1.02 million
• Issue price of the Placement and Entitlement Offer is $0.0125 per share
• A total of $3.16 million in capital raising
• Participants in Placement and Entitlement Offer to receive free attaching options
• On the basis of 1 option for every 1 share issued with exercise price of $0.03 and expiry date of 12 January 2026
• Tranche 2 Shares and all Options to be issued under the Placement are subject to shareholder approval
• Funds will mainly be used to complete the Bécancour Lithium Refinery DFS
• Maintains momentum, closer to establishing a lithium refinery in Bécancour