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Cosmos Exploration Limited (ASX:C1X)

ALERT: Price-sensitive ASX Announcement for C1X
Current share price for C1X : $0.110 -0.155 (-58.49%)+
Announcement
Release
4 Mar 2026 9:48AM
Price at Release
$0.265
Full Release
download
Summary
Cosmos Exploration Limited (ASX: C1X) has advised its intention to exercise the option to acquire 100% of the issued share capital of EAU Lithium Pty Ltd. This decision forms part of a strategic move to support EAU Lithium’s ongoing development projects in Bolivia, with Vulcan Energy Resources providing technological support. To facilitate this acquisition, Cosmos will issue approximately 108.5 million fully paid ordinary shares to EAU Lithium's shareholders, subject to shareholder approval. Additionally, Cosmos has raised A$5.0 million through a placement to institutional and sophisticated investors, which will aid in further exploration and support EAU Lithium's negotiations in Bolivia. The merger aims to strengthen EAU Lithium’s position in the lithium sector and enhance its collaborations in Bolivia. Funds from the placement will also cover working capital and EAU Lithium’s vendor fees.
Key Points
  • Cosmos Exploration Ltd has notified its intention to exercise the option to acquire 100% of EAU Lithium.
  • The acquisition involves issuing approximately 108.5 million shares, subject to shareholder approval.
  • A$5.0 million has been raised through a placement to support exploration and negotiations in Bolivia.
  • EAU Lithium will continue its development projects in Bolivia with Vulcan Energy Resources.
  • The merger aims to support EAU Lithium’s strategies in the lithium sector with public listing benefits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.