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Prairie Lithium Limited (ASX:PL9)

ALERT: Price-sensitive ASX Announcement for PL9
Current share price for PL9 : $0.006 -0.001 (-14.29%)+
Announcement
Release
20 May 2026 8:55AM
Price at Release
$0.007
Full Release
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Summary
Prairie Lithium Limited has announced a premium priced At-the-Market (ATM) raise, utilizing their subscription agreement with Acuity Capital. The company raised $1,420,000 through the set-off of 200,000,000 fully paid ordinary shares issued to Acuity Capital. The shares were priced slightly above the 15-day VWAP. The funds will be used for constructing the first production facility at the Prairie Lithium Brine Project in Saskatchewan, Canada.
Key Points
  • At-the-Market Subscription Agreement with Acuity Capital utilized
  • Raised $1,420,000 through set-off of shares
  • 200,000,000 fully paid ordinary shares involved
  • Deemed issue price at a 1% premium to 15-day VWAP
  • Funds allocated for first production facility construction at Prairie Lithium Brine Project, Saskatchewan
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.