Kali Metals Limited (ASX: KM1) yesterday commenced trading on the ASX with the code “KM1”. The listing follows the completion of Kali’s heavily oversubscribed initial public offering (IPO) which raised A$15M through the issue of 60M offer shares at an issue price of A$0.25 per share.
Kali is an Australian resources company with a portfolio of lithium exploration projects in Western Australia, New South Wales, and Victoria.
The company’s 3,854km2 portfolio of lithium projects with its WA tenure are located adjacent to some of the world’s largest spodumene mines and deposits.
Mr. Graeme Sloan, managing director, commented, “It is truly an exciting day for Kali shareholders, with the company successfully listing as a publicly traded company on the ASX. We now look forward to creating shareholder value through the successful exploration of our portfolio of lithium projects in Western Australia, New South Wales, and Victoria.”
Kali’s projects include:
– Pilbara Region, WA: The DOM’s Hill, Marble Bar, and Pear Creek Lithium Projects
– Eastern Yilgarn, WA: The Higginsville Lithium Project
– NSW / Victoria: The Jingellic, and Tallangatta Lithium Projects
The funds raised by the IPO will be used for exploration purposes, focusing on the Higginsville Lithium Project, and for the associated costs of the ASX listing.
To find out more, please visit www.kalimetals.com.au
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