Core Lithium Invites Shareholders to Join $10M Share Purchase Plan at $0.105

Core Lithium Launches Share Purchase Plan

Core Lithium Ltd (ASX – CXO) has officially opened its Share Purchase Plan (SPP), inviting eligible shareholders in Australia and New Zealand to purchase up to A$30,000 worth of new shares at A$0.105 each. This price aligns with the recent institutional placement, reflecting a 12.5% discount to the last trading day’s closing price before the SPP announcement.

The SPP aims to raise approximately A$10 million, supplementing the $50 million raised through the institutional placement announced on 28 August 2025. Proceeds from the placement are earmarked for advancing development at the BP33 project, including critical underground preparation works, procurement of long-lead items, and operational readiness activities at the Finniss Lithium Operation in the Northern Territory.

Participation Details and Eligibility

Eligible shareholders are those registered as holders of Core Lithium shares as of 7 – 00pm Sydney time on 27 August 2025, with addresses in Australia or New Zealand. The offer excludes shareholders in the United States and those holding shares on behalf of US persons. Participants can apply for parcels ranging from A$2,500 up to the maximum A$30,000, with no brokerage or transaction fees payable.

The SPP is not underwritten, and Core Lithium reserves the right to accept applications in whole or in part, potentially scaling back allocations if demand exceeds the targeted amount. In such cases, the company intends to apply a pro-rata scale-back to ensure equitable treatment among applicants.

Strategic Implications for Core Lithium

This capital raising initiative is designed to strengthen Core Lithium’s balance sheet and provide working capital flexibility as it progresses toward a Final Investment Decision (FID) on the Finniss Project. The funds will support essential development activities at BP33, a key underground mining project, which is critical to accelerating production timelines and de-risking the operation.

By offering the SPP at the same price as the institutional placement, Core Lithium provides retail shareholders an opportunity to participate on equal footing with sophisticated investors, potentially broadening its shareholder base and enhancing market confidence.

Next Steps and Timetable

The SPP opened on 4 September 2025 and will close at 5 – 00pm Sydney time on 24 September 2025. Core Lithium plans to announce the results and issue new shares on 29 September, with trading expected to commence on the ASX the following day. Shareholders can apply electronically via the company’s share registry, Automic Pty Ltd, using personalised application forms.

Investors are reminded that the market price of shares may fluctuate between application and issue dates, and participation is voluntary. The company encourages shareholders to seek professional advice before applying.