Allens has advised Morgan Stanley Australia Securities and Argonaut Securities as joint lead managers and bookrunners of Core Lithium's $120 million two-tranche placement announced to ASX on 18 March 2026.
The capital raising forms part of a broader financing package announced by Core Lithium to fund the restart of the Finniss Lithium Project following the achievement of a positive FID, comprising a convertible note from strategic partners Glencore and InfraVia and a senior secured debt facility from Nebari.
'We congratulate Core on reaching a positive final investment decision for the restart of the Finniss Lithium Project and Morgan Stanley and Argonaut on the successful execution of this significant capital raising. Its success continues to highlight market support for high-quality Australian critical minerals projects,' said lead partner Adrian Amer.
'It was a pleasure to assist the JLMs on this raising, drawing on our deep understanding of critical minerals capital raisings out of our Perth office and the strength and depth of the relationships with leading ECM houses on both the West and East coasts,' said Jesse Lines, Senior Associate.
Tranche two of the placement remains subject to receipt of approval by Core's shareholders at a general meeting.
Allens legal team
Adrian Amer (Partner), Jesse Lines (Senior Associate), Jasmin Arnell-Smith (Lawyer)