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Prairie Lithium Limited (ASX:PL9)

ALERT: Price-sensitive ASX Announcement for PL9
Current share price for PL9 : $0.006 -0.002 (-25%)+
Announcement
Release
30 Apr 2026 9:42AM
Price at Release
$0.008
Full Release
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Summary
The quarterly report for Prairie Lithium Limited, ASX symbol PL9, details the company's activities for the period ending 31 March 2026. Key developments include the advancement of construction at Pad #1, the first hub in their modular development strategy, with power infrastructure and foundation work completed. The company has also secured a binding offtake agreement with Hydro Lithium for 100% of Phase 1 production, securing approximately A$10 million in equipment which lowers the capital required for production. Prairie Lithium is focused on maintaining a strong financial position with A$6.6 million in cash and cash equivalents and has outlined further steps for continuing construction and development activities in the coming quarter.
Key Points
  • Pad #1 construction advanced with power and foundation completion
  • Binding offtake agreement with Hydro Lithium for Phase 1
  • Approximately A$10 million in equipment to lower capital requirements
  • First production targeted for Q4 2026
  • Maintaining a solid financial position with A$6.6 million in cash
  • Prairie Project as a 4.6 million tonne LCE resource
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.