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Lithium Universe Launches Share Purchase Plan


-- Share Purchase Plan (SPP) offered to raise working capital and reward former Mogul Games Group Limited and IPO shareholders
-- SPP at an issue price of $0.02 per share
-- Represents a 9.09% discount to the closing price of $0.022 per share on 12 March 2024 and a 9.09% discount to the 5-day VWAP prior to this announcement
-- Funds applied to engineering studies and working capital requirements
-- Eligible shareholders to take advantage of a unique business model
-- Focused on lithium conversion for multinational players together with the continued exploration of suite of lithium and rare earth assets
-- Closing the lithium downstream conversion gap in North America
-- Option agreement to acquire an industrial site in Bécancour, Québec
-- Site has capacity for three trains with a total of 48,000 tpa LCE

Lithium Universe Limited (“Lithium Universe”, the “Company” or ASX: “LU7”) is delighted to announce the opportunity for eligible shareholders of the Company to participate in an equity raising via a Share Purchase Plan (SPP), targeting to raise up to $A3.0 million.

Proceeds from the SPP will help advance the Company’s Québec Lithium Processing Hub (QLPH) strategy. The QLPH strategy comprises of building a lithium concentrator and lithium refinery facility in Canada that will provide the critical materials for batteries in the North American market.

For more information, download the attached PDF.

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