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Lithium Plus Minerals Ltd (ASX:LPM)

ALERT: Price-sensitive ASX Announcement for LPM
Current share price for LPM : $0.120 0.005 (4.35%)+
Announcement
Release
29 Oct 2025 9:38AM
Price at Release
$0.115
Full Release
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Summary
Lithium Plus Minerals Ltd (LPM) has announced that its 33.5% owned entity, Moonlight Resources Limited, has entered into a Share Sale Agreement with Diatreme Resources Ltd to acquire all outstanding shares of Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited, which own the Clermont Gold Project. LPM shareholders as of 28 October 2025 are eligible for a priority offer from Moonlight, entitling them to purchase shares at A$0.20 each with attaching options. The IPO Prospectus for Moonlight was lodged with ASIC, and trading of shares on the ASX is expected to commence on 28 November 2025. This transaction provides LPM shareholders with exposure to gold via a separately listed vehicle, while LPM continues to focus on its lithium projects.
Key Points
  • Moonlight Resources to acquire Chalcophile and PGE Minerals.
  • LPM shareholders receive a priority offer for Moonlight shares.
  • IPO share price set at A$0.20 with attaching options.
  • Moonlight's IPO Prospectus available on their website.
  • ASX trading anticipated to begin on 28 November 2025.
  • Share sale agreement with Diatreme finalized on 28 October 2025.
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.