Lithium Plus Shareholders Face New Risks and Rewards with Moonlight’s Gold-Focused IPO

Strategic Expansion Through Acquisition

Lithium Plus Minerals Limited (ASX, LPM) has announced a significant development for its shareholders with a priority offer to participate in the upcoming IPO of Moonlight Resources Limited, a company in which Lithium Plus holds a 33.5% stake. This follows Moonlight’s recent acquisition of the Clermont Gold Project in Queensland from Diatreme Resources, marking a strategic diversification into gold assets.

The acquisition, valued at $3.25 million in Moonlight shares, brings a near-term gold project into Moonlight’s portfolio, complementing its existing exploration interests in uranium and rare earth elements across Australia. This move positions Moonlight as a more diversified exploration entity ahead of its planned ASX listing by the end of 2025.

Priority Offer Details and Shareholder Benefits

Eligible Lithium Plus shareholders as of October 28, 2025, are invited to subscribe to up to $3 million worth of Moonlight shares at an issue price of $0.20 per share. The offer is fully underwritten and includes an attractive incentive, for every two shares purchased, investors receive one free attaching option with a $0.30 exercise price and a three-year expiry.

This priority offer allows Lithium Plus shareholders to gain direct exposure to Moonlight’s expanded asset base, including the newly acquired Clermont Gold Project and its broader portfolio of uranium and rare earth element tenements. The IPO aims to raise a total of $10 million, supporting Moonlight’s exploration and development ambitions.

Balancing Lithium Focus with Gold Exposure

While Lithium Plus continues to advance its core lithium projects, including the Lei Development Project and the Bynoe Lithium Project in the Northern Territory, this arrangement provides shareholders with diversified exposure to the gold sector through Moonlight. Executive Chairman Dr Bin Guo highlighted the value-accretive nature of the acquisition and the potential for discovery in a proven Queensland gold district.

Moonlight’s portfolio also includes significant uranium and rare earth element projects in the Northern Territory, New South Wales, and Western Australia, underscoring its multi-commodity exploration strategy. The company’s IPO prospectus has been lodged with ASIC and is available for review, with trading expected to commence on the ASX by late November 2025.

Looking Ahead

The successful completion of Moonlight’s IPO and the integration of the Clermont Gold Project will be key milestones to watch. For Lithium Plus shareholders, this represents an opportunity to participate in a broader resource play while maintaining exposure to lithium’s growing demand. Investors are advised to consider the prospectus carefully and seek professional advice before subscribing.