Successful completion of Share Purchase Plan
Summary
Lithium Australia is pleased to announce the successful completion of its Share Purchase Plan, with valid applications totaling ~A$1.0m. This follows a Placement Agreement with The Lind Partners for an initial investment of A$1.8m. The funds raised will be used for key growth initiatives in the battery recycling and battery materials divisions. New Shares will be issued under the SPP, with a total of 45,363,197 New Shares to be issued.
CEO Simon Linge expresses gratitude for the strong shareholder support, reflecting confidence in the company's long-term vision and growth strategy.
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