Australia's Core Lithium hits 2-week low on discounted placement

Core Lithium

28/08/2025 05:49

** Shares of Core Lithium CXO.AX fall as much as 12.5% to A$0.105, their lowest level since Aug 11

** Stock posts biggest intraday pct fall since early June 2024

** Diversified miner to raise A$50 million ($32.49 million) gross proceeds via share placement at issue price of A$0.105 per share

** Issue price at 12.5% discount to stock's last close

** Funds to help accelerate Finniss Lithium project towards final investment decision

** Stock up 23.6% this year, as of 0447 GMT

($1 = 1.5389 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))