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Jindalee Lithium Limited (ASX:JLL)

ALERT: Price-sensitive ASX Announcement for JLL
Current share price for JLL : $0.390 0 (0%)+
Announcement
Release
19 Jun 2026 9:43AM
Price at Release
$0.390
Full Release
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Summary
Jindalee Lithium Limited announced the successful completion of an entitlement offer, raising A$2.4 million to advance its McDermitt Lithium Project and support a proposed NASDAQ listing for US Elemental Inc. The offer received strong support from both shareholders and sophisticated investors, issuing 5,285,400 shares with options and contributing to a total raise of around A$11 million in conjunction with a recent placement. This funding reflects the confidence in Jindalee's strategic role in providing critical minerals for energy security.
Key Points
  • Jindalee Lithium Limited successfully completed an entitlement offer raising A$2.4 million.
  • The funds raised will support the development of the McDermitt Lithium Project and the proposed NASDAQ listing of US Elemental Inc.
  • Shareholders and sophisticated investors participated in the offer, reflecting strong confidence in the company.
  • A total of 5,285,400 shares were issued with corresponding options expiring in June 2029.
  • The entitlement offer contributes to a total capital raise of approximately A$11 million, including a recent placement.
  • Jindalee Lithium Limited is focused on providing critical minerals to support America's energy security.
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.