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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
19 Mar 2026 9:49AM
Price at Release
$0.220
Full Release
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Summary
Core Lithium Ltd announced a successful $120 million institutional placement to support the final investment decision (FID) for the restart of its Finniss Lithium Operation. The placement, which was completed in two tranches, received strong backing from institutional investors, reflecting confidence in Core's restart strategy. The proceeds, combined with strategic funding from partners like Glencore, InfraVia, and Nebari, ensure a fully funded position for Core to initiate mobilisation and development activities aimed at resuming lithium production by September 2026. This initiative is part of Core's broader strategy to generate sustainable shareholder value through its critical minerals projects.
Key Points
  • Core Lithium Ltd raised $120 million through an institutional placement.
  • The placement was completed in two tranches: A$53 million and A$67 million.
  • Funding supports the Finniss Lithium Operation restart, expected by September 2026.
  • Strong support from institutional investors and strategic partners like Glencore.
  • Core aims to enhance shareholder value through sustainable mineral projects.
  • Argonaut Securities and Morgan Stanley were joint coordinators for the placement.
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.