Highlights
- Closing date of the AU$3 million share purchase plan is 10 April 2024.
- The funds will be used to advance the company’s Québec Lithium Processing Hub strategy.
Lithium Universe Limited (ASX: LU7) has issued a reminder to eligible shareholders regarding the closure of its Share Purchase Plan (SPP) on 10 April 2024 at 5:00 pm AWST. The SPP presents an opportunity for eligible shareholders to participate in the company's growth trajectory by purchasing additional shares at a predetermined price within the stipulated timeframe.
Through the SPP, the company targets to raise up to AU$3 million by issuing its shares at an issue price of AU$0.02 per share. The proceeds from the raise will be used to advance the company’s Québec Lithium Processing Hub strategy.
About Lithium Universe
LU7 is actively advancing the development of its Québec Lithium Processing Hub (QLPH) to address the gap in lithium conversion capacity in North America. One of its primary objectives is to construct a spodumene-producing mine in Québec, Canada. The company boasts a highly skilled 'Lithium Dream Team,' with years of experience and expertise to effectively manage profitable projects.
With aspirations to establish itself as a prominent lithium project builder, LU7 has access to numerous lithium prospects in Tier 1 mining jurisdictions in both Australia and Canada. As a mineral exploration company, it takes pride in the strategic location of its projects, which are adjacent to significant mineral resource projects.
LU7 shares jumped 5.55% to AU$0.019 apiece at the time of writing on 9 April 2024.