Kali Metals Limited (KM1) – $7m Placement

Argonaut acted as Lead Manager and Bookrunner to the placement, which was strongly supported by sophisticated investors.

Proceeds from the placement will be used to progress exploration activities across the Company’s portfolio, including drilling and associated technical work at the Marble Bar Gold Project and the Higginsville Lithium Project, together with general working capital purposes.

Congratulations to Managing Director Paul Adams and the Kali team on the raise. Argonaut’s Corporate Finance team was led by Rob Telford and Thomas Brosnan, with syndication by David Keogh and Glen Colgan.

For more information, visit the Kali Metals website here.