Finniss restart hits turning point as Core locks in funding

Core strategy: Lithium company confirms top end restart

Image: Shutterstock. Core Lithium has reached a final investment decision to restart its Finniss Lithium Operation in the Northern Territory. The move is underpinned by a comprehensive funding package that includes a newly secured $120 million institutional placement. The equity raising consists of a two-tranche, non-underwritten placement of approximately 571 million new fully paid ordinary shares. The initial unconditional tranche will raise …

Finniss restart hits turning point as Core locks in funding

Core Lithium's Finniss project in the Northern Territory neighbours the Bynoe project. Image: Core LithiumCore Lithium has approved a final investment decision to restart its Finniss lithium project in the Northern Territory, backed by a fully funded package that underscores renewed momentum in the global lithium sector. The company said its board had signed off on the restart following 18 months of technical work and strategic negotiations, sup…