Argonaut acted as Financial Advisor and Lead Manager to the Offer.
Global Lithium is one of few opportunities on the ASX for investors to gain exposure to the surging lithium sector which is being driven by demand for battery minerals.
Global Lithium has commenced an exploration program at its Marble Bar Lithium Project including an initial 4,000m of RC drilling with the purpose of identifying opportunities to grow the existing JORC Inferred Mineral Resource of 10.5Mt @ 1.0% Li2O at the Archer Deposit and test surrounding targets.
The Offer was underpinned by strong support from a number of new domestic and international institutional, sophisticated and retail investors.
Argonaut is pleased to assist in bringing this investment opportunity to market and looks forward to the Company’s ongoing success.
Additional Information regarding Global Lithium can be found on the Company’s website at https://globallithium.com.au/.