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Why is Delta Lithium Raising $70 Million Through an Entitlement Offer? — ASX:DLI| ASX Mining News & Discussion
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Lykeshares Official
$DLI Why is Delta Lithium Raising $70 Million Through an Entitlement Offer?
Delta Lithium Limited, an Australian lithium exploration company, has announced an accelerated non-renounceable entitlement offer to raise approximately $70.2 million. This fundraising initiative aims to provide the necessary funds for expanded drilling programs at the Mt Ida Lithium Project in the Goldfields region and the Yinnetharra Lithium Project in the Gascoyne region of Western Australia. The proceeds will also support the completion of a scoping study at Yinnetharra and a Definitive Feasibility Study and Final Investment Decision at Mt Ida, both expected by late-2024.

Major Shareholders Indicate Their Support

Mineral Resources Limited and Hancock Prospecting Pty Ltd, major shareholders representing approximately 22% of Delta Lithium's existing shares, have expressed their intention to take up their full entitlements. Their participation alone will account for approximately $15.4 million of the total Entitlement Offer. Furthermore, the Entitlement Offer is fully-underwritten by Mineral Resources Limited, ensuring the success of the fundraising initiative.

Details of the Entitlement Offer

Under ...
Why is Delta Lithium Raising $70 Million Through an Entitlement Offer?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?