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Core Lithium: restart of Finniss and Axiant IPO drive stock higher
Core Lithium’s share price rose 7.9% after progress on restarting the Finniss lithium project: mining work at the Grants open pit is already underway, and a contract for underground development at BP33 has been awarded. The company secured a financing package of more than A$300m and is targeting first spodumene production for Q4 2026. In addition, Core Lithium plans to spin off its gold exploration into a new company, Axiant Resources, with an IPO planned for July–August 2026, positioning Core as a focused lithium producer. A board reshuffle is said to strengthen governance ahead of the operational ramp-up, while the share movement is largely company-specific. » More on de.investing.com
Core Lithium plans spin-off of Axiant Resources and reports further lithium sale
Core Lithium shares rose 10.4% to A$0.265 after the company announced the demerger of certain exploration projects into a new gold exploration company called Axiant Resources, whose IPO with a prospectus is planned with the ASIC in the third quarter. The transaction prompted a board change: Malcolm McComas will become chair of Core Lithium, while Greg English will chair Axiant. In addition, Core signed a binding agreement with Glencore to sell 25,000 tonnes of fine-grained lithium; this is the second sale from Finniss stockpiles after an earlier sale of 20,000 tonnes. The company reports having generated around $28.5 million in 2026 from stockpile sales, bolstering liquidity and supporting expansion of operations. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 10.81m | - |
| Gross profit | 3.31m | - |
| Net profit | -4.07m | - |
| EBITDA | -7.62m | - |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €487.27m |
Number of shares | 3.24bn |
52-week high/low | €0.26 - €0.11 |
| Dividends | No |
Beta | 0.81 |
P/E ratio | -25.00 |
PEG ratio | -2.17 |
P/B ratio | 2.11 |
P/S ratio | 44.44 |
Company profile
Core Lithium Ltd engages in the exploration and development of lithium and various metal deposits in Northern Territory and South Australia. The company primarily explores for copper, gold, iron, silver, uranium, lead, and zinc deposits. Its flagship project is the Finniss Lithium project located to the south of Darwin port in the Northern Territory. The company was formerly known as Core Exploration Limited and changed its name to Core Lithium Ltd in November 2018. Core Lithium Ltd was incorporated in 2010 and is based in Adelaide, Australia.
| Name | Core Lithium |
| CEO | Paul Brown |
| Headquarters | Perth,
wa Australia |
| Website | |
| Sector | Materials |
| Industry | Metals & Mining |
| IPO | 10/02/2011 |
| Employees | 7 |
Deep Dive
Ticker symbols
| Exchange | Symbol |
|---|---|
Pnk | CXOXF |
Australian Securities Exchange Ltd | CXO.AX |
Frankfurt | 7CX.F |
DĂĽsseldorf | 7CX.DU |
MĂĽnchen | 7CX.MU |