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Jindalee Lithium Limited (ASX:JLL)

ALERT: Price-sensitive ASX Announcement for JLL
Current share price for JLL : $0.360 0.02 (5.88%)+
Announcement
Release
13 Aug 2026 8:27AM
Price at Release
$0.340
Full Release
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Summary
Jindalee Lithium Limited has filed an amended Form S-4 with the US Securities and Exchange Commission in response to initial comments, marking progress in the proposed transaction involving its subsidiary HiTech Minerals and Constellation Acquisition Corp. The transaction will ultimately see US Elemental listed on NASDAQ, with Jindalee retaining a significant majority stake. A capital raise of US$20-30 million is part of the transaction, which includes several regulatory conditions for completion, targeted in the second half of 2026. This move highlights Jindalee's strategic developments centered around the McDermitt Lithium Project.
Key Points
  • Jindalee Lithium Limited filed an amended Form S-4 with the US SEC.
  • The amendment follows initial comments from the SEC received in late July 2026.
  • The transaction involves Jindalee's subsidiary, HiTech Minerals, and Constellation Acquisition Corp.
  • Upon completion, US Elemental is expected to be listed on NASDAQ under the ticker 'ULIT'.
  • Jindalee is forecasted to retain a majority interest of 80% or more in US Elemental post-transaction.
  • The transaction includes a capital raise of approximately US$20-30 million.
  • The transaction completion is targeted for the second half of 2026.
  • Numerous regulatory and closing conditions must be satisfied or waived.
  • Jindalee's McDermitt Lithium Project is a significant asset in this transaction.
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.