CAPITAL MARKETS

Weak Core forced into big raising at slumped share pricing

UNDERPERFORMING Core Lithium is raising up to A$120 million as new management seek to improve spodumene production and work towards bringing online a potential “cornerstone asset” in the shape of the BP33 mine at the Finniss operation in Northern Territory.

Core's Finniss lithium mine

Core's Finniss lithium mine

The raising is priced at 40c and comprises $100 million institutional placement and $20 million share purchase plan. Core shares were trading around the $1 mark in July and $1.40 this time last year,...

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