Jindalee Lithium’s $1M Share Purchase Plan Closes with Free Options Incentive
Jindalee Lithium Limited reminds eligible shareholders that its Share Purchase Plan (SPP) will close on 20 November 2025, offering shares at $0.55 each with free attaching options exercisable at $0.825. This follows a recent $8 million placement aimed at advancing key lithium projects.
- SPP targets up to $1 million, closing 20 November 2025
- Eligible shareholders can apply for up to $30,000 in shares at $0.55 each
- One free attaching option per share issued, exercisable at $0.825 until November 2028
- SPP follows an $8 million placement completed in October 2025
- Funds aimed at advancing McDermitt and SPAC lithium projects
Jindalee Lithium’s Capital Raising Update
Jindalee Lithium Limited (ASX – JLL) has issued a timely reminder to its eligible shareholders that the company’s Share Purchase Plan (SPP) is set to close at 5 – 00pm AWST on Thursday, 20 November 2025. The SPP, which was announced in October, aims to raise up to $1 million by offering new shares at $0.55 each; the same price as a recent placement completed earlier that month.
Incentives for Shareholders
What makes this SPP particularly attractive is the inclusion of a free attaching option for every share issued under the plan. These options come with an exercise price of $0.825, representing a 50% premium to the share issue price, and will expire on 30 November 2028. This structure not only provides immediate equity participation but also potential upside for shareholders if the company’s share price appreciates over the next three years.
Context of the Fundraising
This SPP follows a successful $8 million placement announced on 20 October 2025, which was part of Jindalee’s broader strategy to secure funding for advancing its lithium projects, notably McDermitt and SPAC. These projects are critical to the company’s growth ambitions in the lithium mining sector, a market that continues to attract significant investor interest amid the global push for electric vehicles and renewable energy storage.
Shareholder Participation and Next Steps
Eligible shareholders, defined as those with registered addresses in Australia or New Zealand as of 17 October 2025, can apply for up to $30,000 worth of shares under the SPP. The company has facilitated the process through its share registry, Automic Group, ensuring shareholders have access to all necessary information and support. The final uptake of the SPP and the subsequent impact on Jindalee’s capital structure will become clearer once the plan closes and results are announced.
Looking Ahead
Jindalee’s ability to successfully complete this SPP and integrate the proceeds with the earlier placement will be pivotal in maintaining momentum on its lithium projects. Investors will be watching closely to see how the company deploys this capital and whether the attaching options translate into long-term shareholder value.
Bottom Line?
Jindalee’s SPP closing marks a crucial funding milestone; next, all eyes on shareholder uptake and project progress.
Questions in the middle?
- What will be the final subscription amount raised through the SPP?
- How will the attaching options influence shareholder dilution and future capital raises?
- What are the immediate plans for deploying the new capital on McDermitt and SPAC projects?
