Can Elementos AU$29.5 Million Strategic Placement Accelerate Progress Toward Tin Production?
Source: Kapitales Research
Highlights
Elementos Limited (ASX: ELT) has secured a AU$29.5 million strategic placement with L1 Capital at AU$0.34 per share.
Upon completion, L1 Capital will hold approximately 19.99% of Elementos’ issued share capital.
Funds will support advancement of the Oropesa Tin Project in Spain, investment into Iberian Smelting, and evaluation of the Cleveland Tin Project in Tasmania.
Strategic Investment Strengthens Balance Sheet
Elementos Limited (ASX: ELT) has entered into a binding agreement with L1 Capital to raise approximately AU$29.5 million before costs through a strategic private placement. The placement involves the issue of around 86.8 million new fully paid ordinary shares at an issue price of AU$0.34 per share, resulting in L1 Capital becoming a cornerstone investor with a near-20% equity position.
The transaction introduces a highly credentialed institutional investor to the register and further strengthens Elementos’ balance sheet as the company advances toward key development milestones across its tin portfolio.
Funding Development Across Multiple Tin Assets
Proceeds from the placement will be directed toward progressing the Oropesa Tin Project in Spain toward Final Investment Decision and project financing. Capital will also be allocated to Iberian Smelting, which includes the Robledollano Tin Smelter, supporting Elementos’ mine-to-metal strategy within the European Union.
In addition, funds will be used to continue assessing the potential restart of the Cleveland Tin Project in Tasmania, alongside general corporate and operational expenses.
Positioning for Long-Term Tin Supply
The placement price represents a premium to Elementos’ 2025 capital raising price and a modest discount to the most recent closing price prior to the announcement. Settlement of the strategic placement is expected to occur around 19 February 2026.
With backing from L1 Capital and Metals X, Elementos continues to position itself as a pure-play tin developer with assets located in mining-friendly jurisdictions. Management views the strengthened financial position as providing greater flexibility and optionality as the company advances toward development and financing discussions.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Can Elementos AU$29.5 Million Strategic Placement Accelerate Progress Toward Tin Production?
Highlights
Strategic Investment Strengthens Balance Sheet
Elementos Limited (ASX: ELT) has entered into a binding agreement with L1 Capital to raise approximately AU$29.5 million before costs through a strategic private placement. The placement involves the issue of around 86.8 million new fully paid ordinary shares at an issue price of AU$0.34 per share, resulting in L1 Capital becoming a cornerstone investor with a near-20% equity position.
The transaction introduces a highly credentialed institutional investor to the register and further strengthens Elementos’ balance sheet as the company advances toward key development milestones across its tin portfolio.
Funding Development Across Multiple Tin Assets
Proceeds from the placement will be directed toward progressing the Oropesa Tin Project in Spain toward Final Investment Decision and project financing. Capital will also be allocated to Iberian Smelting, which includes the Robledollano Tin Smelter, supporting Elementos’ mine-to-metal strategy within the European Union.
In addition, funds will be used to continue assessing the potential restart of the Cleveland Tin Project in Tasmania, alongside general corporate and operational expenses.
Positioning for Long-Term Tin Supply
The placement price represents a premium to Elementos’ 2025 capital raising price and a modest discount to the most recent closing price prior to the announcement. Settlement of the strategic placement is expected to occur around 19 February 2026.
With backing from L1 Capital and Metals X, Elementos continues to position itself as a pure-play tin developer with assets located in mining-friendly jurisdictions. Management views the strengthened financial position as providing greater flexibility and optionality as the company advances toward development and financing discussions.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au