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KM1 - Kali Metals

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Kali Metals Limited (KM1) is a lithium focused exploration company which, upon listing on the ASX, will have rights to explore for lithium across multiple projects in Australia, primarily in the Pilbara and Eastern Yilgarn regions in Western Australia but also the Lachlan Fold Belt in Northern-eastern Victoria and Southern New South Wales.

Following its ASX listing, the Company will have an interest in the following projects:

(a) the DOM's Hill Project and Marble Bar Project (subject to completion of the Tenement Sale Agreement with Kalamazoo) and Pear Creek Project (currently held by the Company) located in the Pilbara region of Western Australia, including title and all exploration rights. Kalamazoo will also assign its interests in the SQM Earn-in Agreement, which operates in respect of the DOM’s Hill and Marble Bar Projects, to the Company;

(b) the Higginsville Lithium Rights at the Higginsville Project tenements held by the Karora Group (subject to completion of the Share Sale Agreement and Mineral Rights Agreements with the Karora Group) located in the Eastern Yilgarn region of Western Australia; and

(c) the Jingellic Project and Tallangatta Project located in southern New South Wales and north-eastern Victoria, respectively (currently held by the Company), including the option to earn a 100% interest in the MEG Lithium Rights at EL8958 (held by MEG) pursuant to a term sheet with MEG, located adjacent to the Jingellic Project.

It is anticipated that KM1 will list on the ASX during January 2024.

 
Listing date04 January 2024 ; 12:00 PM AEDT ##
Company contacthttps://www.kalimetals.com.au/
Ph: 61 8 6424 8880
Principal ActivitiesExploration
Issue PriceAUD0.25
Issue TypeOrdinary Fully Paid Shares
Security codeKM1
Capital to be Raised$15,000,000
Expected offer close date08 December 2023
UnderwriterNot underwritten, Bell Potter Securities Limited and Canaccord Genuity (Australia) Limited(Joint lead managers).
 
listed today

Screenshot_20240108-134604_CommSec.jpg
and a jolly profit for a much hyped IPO
.
usual suspects:
The company’s backers include Mineral Resources’ managing director Chris Ellison, as well as West Australian billionaire Tim Roberts, and Navitas education company co-founder Rod Jones.

Mr Ellison piled into Kali through his private company Wabelo, emerging with a 4.86 per cent stake. He is the third-biggest shareholder behind Kalamazoo Resources (22.1 per cent) and Karora Resources (20.2 per cent), which combined to spin out Kali.

...
25c next month?
 
Good morning
It has been reported today (10/01/24) Mineral Resources has bought up a 9.97 per cent stake in Kali Metals, this is separate to Chris Ellison’s 4.85 per cent stake, which is held through his private company Wabelo.

Have a very nice day, today.

Kind regards
rcw1
 
Me too, don't understand it, But could it be...
KL1 price is below $1 while PLS is at $3 plus.
Affordable to make a quick profit cos of the news circulating by gurus.
PLS is a favorite with the shortees. I rather have PLS awaiting for shortees to move on
 
Looks like I don't get it. Buyers are scrambling to buy this lithium wannabe, but selling this profitable lithium producer (PLS).


Australian super has been buying PLS and holding the price up just below $4.
Now that they have finished the shorters who have been patiently waiting and are now having a go imo.
 
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