Core Lithium Limited (CXO) – $50m Two-Tranche Institutional Placement

Argonaut is pleased to have acted as Joint Lead Manager and Joint Bookrunner to the two-tranche institutional placement, which received strong support from a number of new institutional investors across the Americas and Australia.

The equity raising will enable Core to accelerate the advancement of Finniss towards FID through expediting the BP33 boxcut and decline development, operational readiness activities and strengthening Core’s balance sheet to support an ongoing strategic funding process.

Congratulations to CEO Paul Brown, CFO James Virgo and the entire Core Lithium team for this successful transaction. Argonaut’s Corporate Finance team was led by Edward Rigg, Kaiden Gilbert, Rob Telford, Max Carter-Mazak and Michael Paganin. ECM syndication led by Digby Gilmour and George Ogilvie.