Lithium Australia sells Charger Metals shares to Core Lithium; divests Bynoe stake for $500K

The Market Herald09-09

Lithium Australia (ASX:LIT) has confirmed its disposal of all 7.6M remaining shares in Charger Metals (ASX:CHR) it owns to Core Lithium (ASX:CXO). In exchange, LIT is snapping up CXO shares. Lithium ...

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Lithium ...</p>\n\n<a href=\"https://themarketonline.com.au/lithium-australia-sells-charger-metals-shares-to-core-lithium-divests-bynoe-stake-for-500k-2024-09-09/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lithium Australia sells Charger Metals shares to Core Lithium; divests Bynoe stake for $500K</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLithium Australia sells Charger Metals shares to Core Lithium; divests Bynoe stake for $500K\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-09 07:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/lithium-australia-sells-charger-metals-shares-to-core-lithium-divests-bynoe-stake-for-500k-2024-09-09/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lithium Australia (ASX:LIT) has confirmed its disposal of all 7.6M remaining shares in Charger Metals (ASX:CHR) it owns to Core Lithium (ASX:CXO). \nIn exchange, LIT is snapping up CXO shares. Lithium ...</p>\n\n<a href=\"https://themarketonline.com.au/lithium-australia-sells-charger-metals-shares-to-core-lithium-divests-bynoe-stake-for-500k-2024-09-09/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://themarketonline.com.au/lithium-australia-sells-charger-metals-shares-to-core-lithium-divests-bynoe-stake-for-500k-2024-09-09/","article_id":"2466158296","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466158296","pubTimestamp":1725838920,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"Lithium Australia  has confirmed its disposal of all 7.6M remaining shares in Charger Metals  it owns to Core Lithium .In exchange, LIT is snapping up CXO shares. Lithium Australia will receive 0.8 CXO shares for every share of Charger it disposes to Core in the exchange. This, Lithium Australia says, will improve its own liquidity.Lithium Australia framed the deal as a way to extract value from non-core assets. Core Lithium, in its announcement on the matter, described a strategic investment into Charger Metals.All companies have suffered through a world with plummeting lithium prices. Core Lithium’s fall from former glory has been the most pronounced.For $500K, Lithium Australia also sold its 30% stake in the Bynoe project to Core Lithium. That project, which Charger Metals and Lithium Plus  both have their hands on, is located in the Northern Territory.Lithium Australia retains the option to “receive [a] takeover premium” if Charger Metals is acquired within the next 9 months for mo","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","BK7507":"资源股","CXO.AU":"CORE LITHIUM LTD","XKO.AU":"标普/澳交所 300指数","BK7023":"电气部件与设备","CHR.AU":"Charger Metals NL","LIT.AU":"LITHIUM AUSTRALIA LTD","XJO.AU":"标普/澳交所 200指数","BK7504":"锂钴概念","LPM.AU":"LITHIUM PLUS MINERALS LTD","XAO.AU":"标普/澳交所 普通股指数","BK7036":"特种化学制品"},"translate_title":"Lithium Australia将Charger Metals股票出售给Core Lithium；以50万美元剥离Bynoe股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHR.AU":1,"CXO.AU":1,"LIT.AU":1,"LPM.AU":1,"XAO.AU":1,"XJO.AU":1,"XKO.AU":1},"content_text":"Lithium Australia (ASX:LIT) has confirmed its disposal of all 7.6M remaining shares in Charger Metals (ASX:CHR) it owns to Core Lithium (ASX:CXO). \nIn exchange, LIT is snapping up CXO shares. Lithium Australia will receive 0.8 CXO shares for every share of Charger it disposes to Core in the exchange. This, Lithium Australia says, will improve its own liquidity. \nLithium Australia framed the deal as a way to extract value from non-core assets. Core Lithium, in its announcement on the matter, described a strategic investment into Charger Metals.\nAll companies have suffered through a world with plummeting lithium prices. Core Lithium’s fall from former glory has been the most pronounced.\nFor $500K, Lithium Australia also sold its 30% stake in the Bynoe project to Core Lithium. That project, which Charger Metals and Lithium Plus (ASX:LPM) both have their hands on, is located in the Northern Territory. \nLithium Australia retains the option to “receive [a] takeover premium” if Charger Metals is acquired within the next 9 months for more than “the Initial Valuation.” \n“If Charger is acquired within this period, Lithium Australia retains the option to gain the difference between the Initial Ratio and the Control Valuation by buying back the 7.6 million Charger Metals shares from Core Lithium …  and subsequently selling these shares” LIT wrote on Monday.\nIn “some circumstances,” Core would have to pay the difference to LIT. \nLithium Australia, it’s worth noting, have effectively swapped out one shareholding worth 8cps for another worth 8cps. Core is more liquid than Charger – implying Lithium Australia doesn’t want to be left holding a bag. \n CXO last traded at 8.3cps; CHR at 8cps; LIT at 2cps.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466158296"}