Australia's Lithium Plus Minerals rises on securing project funding

Lithium Plus Minerals

17/04/2026 06:39

** Shares of Lithium Plus Minerals LPM.AX rise 4.2% to A$0.125

** Co raises A$2.2 million ($1.58 million) to fund development of its Bynoe lithium project

** However, issue price of A$0.10 represents a discount of 16.7% to stock's last close

** About 184,339 shares traded so far, 4.3x 30-day average

** YTD, stock down 7.4%

($1 = 1.3947 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))