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Elementos Limited (ASX:ELT)

ALERT: Price-sensitive ASX Announcement for ELT
Current share price for ELT : $0.370 0.02 (5.71%)+
Announcement
Release
17 Feb 2026 10:10AM
Price at Release
$0.350
Full Release
download
Summary
Elementos Limited announced a strategic private placement agreement with L1 Capital Pty Ltd to raise approximately $29.5 million. This placement is priced at $0.34 per new fully paid ordinary share, and upon completion, L1 Capital will hold around 19.99% of Elementos' issued shares. The funds will be allocated to advancing the Oropesa Tin Project in Spain, investing in Iberian Smelting, assessing the Cleveland Tin Project in Tasmania, and covering general expenses. L1 Capital, a global investment manager, recently merged with Platinum Asset Management Limited to form L1 Group Limited. This placement, facilitated by BW Equities, strengthens Elementos' balance sheet and supports its strategic goals, including becoming the EU's only mine-to-metal tin supplier.
Key Points
  • $29.5 million strategic placement to L1 Capital
  • Issuance of shares at $0.34 each
  • L1 Capital to hold 19.99% of Elementos' shares
  • Funds to support Oropesa Tin Project and other investments
  • L1 Capital merged with Platinum Asset Management
  • Placement facilitated by BW Equities
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.