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MWL - Midwest Lithium

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Midwest Lithium Limited (MWL) is a mineral exploration entity focused on the identification and development of exploration projects prospective for lithium spodumene. The projects of the Company are located in South Dakota, USA.

The aim of Midwest Lithium is to acquire and explore hard rock lithium projects to seek to create multiple discovery, development, and mining opportunities, primarily in the Black Hills of South Dakota, USA.

The Company may expand its business activities outside these geographical limits in the future, however there are no existing plans to do so.

The Company will retain a corporate presence in the USA, Australia and Switzerland, being the location of the entities forming the Company’s corporate group.

Following its IPO, the Company proposes accelerating its exploration activities on its held granted mining claims. In addition, and as is common form mineral exploration entities, the Company will continue to seek to identify and acquire potentially complementary opportunities to expand its landholding. The near-term focus will, however, be on conducting exploration activities to seek to identify economic deposits on the mining claims held by the Company.

It is anticipated that MWL will list on the ASX during October 2023.

 
Listing date17 October 2023 #
Company contact detailshttps://midwestlithium.com/
Ph: 8692 9000
Principal ActivitiesMining exploration
Issue PriceAUD 0.25
Issue TypeOrdinary Fully Paid Shares
Security codeMWL
Capital to be Raised$17,000,000
Expected offer close date22 September 2023
UnderwriterNot underwritten. PAC Partners Securities Pty Ltd (Lead Manager).
 
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