Elevra Lithium completes A$275 million institutional placement at A$12.2 per share
PUBT · 05/14 12:02
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- Elevra Lithium completed a fully underwritten institutional placement raising AUD 275 million via issuance of 22,500,000 new ordinary shares at AUD 12.2 each.
- Offer price implied an 11.2% discount to last close of AUD 13.74 on May 11, 2026.
- New shares expected to settle May 15, 2026, with ASX trading to start May 18, 2026.
- Proceeds earmarked to fund North American Lithium brownfield expansion, with additional funding for Moblan technical, pre-development work through FID.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elevra Lithium Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-021161), on May 14, 2026, and is solely responsible for the information contained therein.
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