Edison Investment Research - Lithium Power International (LPI) Lithium Power International - Successful equity raise; Maricunga progress

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Edison Investment Research

Alison Turner

Lithium Power International - Successful equity raise; Maricunga progress

Lithium Power International (LPI) has announced a successful equity placement, raising c A$25m in gross proceeds. This brings its proforma 30 June 2022 cash position to a comfortable level of A$31.5m. The funds will be used to advance LPI’s flagship Maricunga project. We have updated our model to reflect the news and LPI’s (now less dilutive) higher share price, increasing our valuation from A$1.0/share to A$1.24/share. Despite the backdrop of slowing global economic growth, lithium prices remain high reflecting tight supply/demand fundamentals and the sector’s attractive long-term growth potential.

14/09/2022 1 EN

Underlying

Lithium Power International

Lithium Power International is primarily engaged in the exploration and development of lithium assets, with a portfolio diversified by both geography and deposit type in South American and Western Australia.

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AU000000LPI1 Australian Securities Exchange Australia

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Alison Turner

Other Reports on these Companies

GlobeNewsWire

Response to Media Speculation

Response to Media Speculation SYDNEY, Australia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“Lithium Power” or “the Company”) refers to recent media speculation regarding discussions between Corporación Nacional del Cobre de Chile (“Codelco”) and Lithium Power about a potential transaction. Lithium Power confirms that it is in discussions with Codelco regarding a potential transaction. However, at this stage, discussions between Lithium Power and Codelco are incomplete and no agreement on terms has been reached. Codelco has been granted due dil...

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Maricunga Lithium Brine Project Status

Maricunga Lithium Brine Project Status SYDNEY, Australia, July 17, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) has become aware of recent media speculation pertaining to the status of its Maricunga Project tenements and the Company’s market disclosure. LPI refutes the information in the news articles (AFR online, Street Talk 16/7/23, reporting on a Chilean newspaper article) and confirms that the market has been fully informed, as repeated below. On the evening of Thursday, 20 April 2023 (Chilean time), Chilean President Gabriel Boric ...

July 17, 2023 July 17, 2023 1 EN

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Lithium Power International - Sale of Australian assets agreed

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Lithium Power International - Successful equity raise; Maricunga progress

Response to Media Speculation

Maricunga Lithium Brine Project Status

Lithium Power International - Sale of Australian assets agreed

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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