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Delta Lithium Spins Out Mt Ida Gold Asset in $30M Ballard IPO

2:29am on Monday 2nd of June, 2025 AEST Mining
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Delta Lithium Spins Out Mt Ida Gold Asset in $30M Ballard IPO

2:29am on Monday 2nd of June, 2025 AEST
Key Points
  • Mt Ida Gold asset to be demerged into Ballard Mining Limited
  • Ballard to raise $25-30 million via IPO at $0.25 per share
  • Delta shareholders receive Ballard shares via in-specie distribution
  • Experienced leadership team appointed for Ballard, including Simon Lill
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