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Core Lithium Ltd (ASX:CXO)

ALERT: Price-sensitive ASX Announcement for CXO
Current share price for CXO : $0.260 0.04 (18.18%)+
Announcement
Release
18 Mar 2026 10:06AM
Price at Release
$0.220
Full Release
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Summary
Core Lithium Ltd has announced a comprehensive funding and restart plan for its Finniss Lithium Project, with a key focus on maintaining low operational costs and leveraging strategic partnerships. The plan includes a A$120 million equity raising and a marketing agreement with Glencore to secure product placement. The project boasts a competitive unit operating cost of A$762/t FOB and an attractive EBITDA margin of 48%. A 20-year mine life is projected, supported by substantial ore reserves and a strategic partnership with firms like Glencore, InfraVia, and Nebari. The restart is underpinned by a robust financing package that includes a senior secured loan and convertible notes, ensuring liquidity and growth potential. Core Lithium’s experienced management team is well-positioned to execute this plan, driving the project towards becoming a significant player in the lithium market.
Key Points
  • A$120 million equity raising for Finniss restart.
  • Marketing agreement with Glencore.
  • Competitive unit operating cost of A$762/t FOB.
  • Finniss project has a 20-year mine life.
  • Strategic partnerships enhance project certainty.
  • Senior secured loan and convertible notes financing.
  • Restart capital of A$208 million secured.
  • Proven management team with lithium expertise.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.