Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Jindalee Realises $2.75M from Sale of Non-Core Asset

by admin February 25, 2025
February 25, 2025
Jindalee Realises $2.75M from Sale of Non-Core Asset

Jindalee Lithium Limited (Jindalee, the Company; ASX: JLL, OTCQX: JNDAF) advises that the Company has sold its shareholding in Dynamic Metals (ASX: DYM, Dynamic), raising $2.75M before costs.

Dynamic was formerly a Jindalee subsidiary which held Jindalee’s Australian exploration assets. Dynamic was spun out of the Company in January 2023 following a $7M IPO which included a priority entitlement to Jindalee shareholders1, leaving Jindalee as a pure play US lithium company focussed on the 100% owned McDermitt Project (McDermitt), one of the largest lithium deposits in the US and of global significance.

In mid-November 2024 Jindalee announced the results of a Pre-Feasibility Study (PFS) on McDermitt2. The PFS confirmed a 63 year life with the Project producing 1.8Mt Lithium Carbonate at C1 costs of US$8,670/t for the first 40 years and a 5 year payback. The PFS also noted excellent potential to reduce capital and operating costs as well as increase production at McDermitt.

Priority activities following completion of the PFS include engagement with potential funding partners and US Government agencies, together with investigation of opportunities to improve Project economics, permitting and community engagement. The proceeds from the Dynamic sale will enable these activities to be accelerated.

Jindalee’s CEO Ian Rodger commented‘This transaction is firmly aligned with our strategy of advancing McDermitt while preserving shareholder value. At a time when many lithium companies are struggling to raise capital, Jindalee’s ability to unlock funding from a non-core asset enables us to accelerate project development in a less dilutive way. History shows that projects advanced during downturns are best positioned to capture the upswing, and with lithium prices at unsustainable levels, a supply crunch is inevitable. This funding provides us the runway to progress key catalysts—including engagement with potential funding partners and US government agencies, project optimisation, and advancing permitting and community engagement. As one of the most advanced sedimentary lithium projects in the US, McDermitt is strategically positioned to benefit from the policy priorities of the new administration as the US moves to secure domestic supply of critical minerals.’

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Craig Hemke: What’s Really Going on With Gold? Tariffs, Shortages, Fort Knox and More
next post
DP Trading Room: Defensive Sectors Lead the Pack

Related Posts

13 Uranium Companies Exploring Canada’s Athabasca Basin

July 1, 2025

Crypto Market Recap: Senator Cruz Supports Bitcoin Mining...

April 3, 2025

Precious Metals & Critical Minerals Hybrid Investor Conference...

May 18, 2025

Victoria Gold-Silver Exploration Update

June 5, 2025

Takeover Update – Offer Declared Best and Final

March 17, 2025

5 Biggest Blockchain ETFs in 2025

June 4, 2025

Offer Booklet – Non-Renounceable Entitlement Offer

June 6, 2025

Widespread Natural Rutile Observed Throughout the Central Rutile...

June 11, 2025

John Rubino: Gold on “Epic Run” as Chaos...

May 3, 2025

US$200 Silver? 3 Experts Talk Price, Supply and...

May 20, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 2, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 2, 2025
    • Element79 Gold Corp Announces Execution of Definitive Agreement to Acquire Gold Mountain Project in Nevada

      August 2, 2025
    • Anglo American’s Losses Widen with Diamond Slump, Trade Tensions Mounting

      August 2, 2025
    • Zinc Price Update: H1 2025 in Review

      August 2, 2025
    • Eric Sprott Announces Securities of Summa Silver Corp.

      August 2, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved