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First Lithium Limited (ASX:FL1)

ALERT: Price-sensitive ASX Announcement for FL1
Current share price for FL1 : $0.140 0.035 (33.33%)+
Release
30 Sep 2025 8:31AM
Price at Release
$0.105
Full Release
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Summary
First Lithium Limited (FL1) has announced a project and finance update for its operations in Mali. The Mali government is renewing exploration licenses for FL1's Gouna and Faraba projects. The company has secured an $800,000 loan from sophisticated investors to support these efforts. Loan terms include conversion options to shares and the issuance of options to investors and CPS Capital, the lead manager. Funds will support license renewal and the advancement of a Maiden Resource Estimate for the projects.
Key Points
  • License renewals in Mali are pending for Gouna and Faraba projects.
  • FL1 has secured an $800,000 loan from investors, managed by CPS Capital.
  • Loan features include a 10% interest rate and conversion options to shares.
  • Funds will be used for license renewal and advancing the Maiden Resource Estimate.
  • CPS Capital receives fees and options as lead manager of the loan.
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.