Lightning Minerals Limited

Lightning Minerals Limited (ASX:L1M)

Offer Price

A$0.0500

per share

Offer Size

A$2,000,000

Open Now!
Apply Now

Placement

Lightning Minerals Limited (ASX:L1M)

L1M

Lead Manager

Offer Price

A$0.0500

per share

Offer Size

A$2,000,000

Placement

Lightning Minerals Limited

Offer Details

Issue Price (Per Share)

A$0.0500

Discount

-25.00%

Offer Size

A$2,000,000

Shares Available

40,000,000

Two-Tranche Private Placement Offer utilising the company’s existing capacity under Listing Rule 7.1 and Listing Rule 7.1A to raise up to $2.00M with the ability to take up oversubscriptions of up to $0.5M at $0.05 per share. Approximately $1.29M will be settled in the first tranche, pursuant to the company’s placement capacity; the balance will be settled in a second tranche, subject to shareholder approval at an EGM to be convened.

The offer price of $0.05 per security represents:

  • ~16.66% discount to the last traded price on 20/06/25, $0.06
  • ~19.81% discount the 5-day VWAP price of $0.0624
  • ~19.16% discount the 10-day VWAP price of $0.0618
  • ~18.73% discount the 15-day VWAP price of $0.0615

Company Overview

Lightning Minerals Ltd (ASX: L1M) is an Australian exploration company advancing a diversified portfolio of gold, copper, and lithium projects across Australia, Brazil, and Canada. The recent acquisition of Lotus Minerals has transformed L1M into a dual commodity explorer, adding an advanced brownfields portfolio of gold and copper assets in Queensland and New South Wales to its existing lithium portfolio in Brazil’s "Lithium Valley," plus further lithium assets in Western Australia and Quebec.

Use of Funds

The funds raised will be focused towards:

Use of Funds

Application

1.

Drilling of walk up gold targets at Mt Turner Gold Project in next 8-10 weeks

2.

Target generation and potential drilling at Mt Turner Copper Project

3.

Target generation and drill targeting in Lachlan Fold Belt (Boree Creek, Burdett, Manildra)

4.

General Working Capital Purposes

Indicative Timetable

The below dates are indicative only and are subject to change without notice. The Company and Lead Managers reserve the right to extend the Closing Date of the offer or close the capital raise early without notice. All times are in AEST (Sydney, Australia) unless stated otherwise.

L1M placed in Trading Halt

Monday 23rd June 2025

Placement Offer Opens

Monday 23rd June 2025

Placement Offer Closes

Tuesday 24th June 2025

Offer letters accepted

Tuesday 24th June 2025

L1M Recommences Trading

Wednesday 25th June 2025

DVP Settlement Tranche 1

Wednesday 2nd July 2025

Allotment of Shares – Tranche 1

Thursday 3rd July 2025

Extraordinary General Meeting

Approx Early August 2025

DVP Settlement Tranche 2

Approx Late August 2025

Allotment of Shares – Tranche 2

Approx Late August 2025

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Lightning Minerals Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Lightning Minerals Limited.

Lightning Minerals Limited

Placement

Lightning Minerals Limited (ASX:L1M)

L1M

Offer Price

A$0.0500

per share

Offer Size

A$2,000,000

Cancel

I am a sophisticated 708 investor and agree to the terms and conditions

Lightning Minerals Limited

Follow Lightning Minerals Limited

By submitting your information below you can keep up to date with their relevant news and announcements.

Fields marked with * are required.

Name(Required)

Cancel

Lightning Minerals Limited

Ask Lightning Minerals Limited a question

Ask the company directors a question to understand more about their offering.

Fields marked with * are required.

Name(Required)

Cancel

Lightning Minerals Limited

Submit your details below to get access to the product documents and invest.

Cancel