Jindalee Lithium Launches Option Issue to Reward Shareholders and Strengthen Capital Base

Jindalee Lithium Limited (ASX: JLL) has released its SPP Option Issue Prospectus, offering one option for every share issued under its recent Share Purchase Plan. Each option is exercisable at AU$0.825 before 30 November 2028, with no upfront payment required.

The offer, aimed at rewarding loyal shareholders, aligns with Jindalee’s broader strategy to advance its McDermitt Lithium Project in the U.S., one of North America’s largest sediment-hosted lithium deposits. If all options are exercised, Jindalee could raise up to AU$1.5 million, further strengthening its balance sheet.

The company recently announced a proposed SPAC transaction with Constellation Acquisition Corp. I, which could list its U.S. subsidiary, HiTech Minerals Inc., on a major U.S. exchange — positioning Jindalee for global lithium market exposure as demand for battery-grade lithium accelerates worldwide.

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