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Lithium Australia has secured a significant investment of approximately A$1.8m and a total funding of up to A$7.5m with The Lind Partners. We have also launched a Share Purchase Plan (SPP) to provide the opportunity for our shareholders to support our strategic initiatives.

The company aims to use total funds raised to drive growth initiatives, secure strategic partnerships, and advance technology monetisation pathways. 

TLDR: Lithium Australia has secured a significant investment of approximately A$1.8m and a total funding of up to A$7.5m with The Lind Partners. They have also launched a Share Purchase Plan (SPP) to accelerate operational improvements and business development in their battery recycling and materials divisions. The SPP offers eligible shareholders the opportunity to subscribe for new shares at a discounted price, with no brokerage or transaction costs. The company aims to use the funds raised to drive growth initiatives, secure strategic partnerships, and advance technology monetization pathways. Investors can participate in the SPP until August 30, 2024, with key dates outlined for the offer. The Placement Agreement with Lind includes terms for an initial investment and additional funding, providing flexibility for share issuances and strategic growth. The company looks forward to updating investors on their progress in FY25 and encourages questions from interested parties.

LIT secures A$1.8m institutional investment and launches SPP

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