MST Financial is proud to have supported Jindalee Lithium Limited (JLL.ASX) in its $8.5 million capital raise, acting as sole Financial Adviser and Joint Lead Manager alongside GBA Capital.

The placement of approximately $8.5 million was strongly supported by a range of high-quality global institutions, including US-domiciled investors with deep experience in SPAC transactions. An entitlement offer is also being conducted to raise up to a further $2.5 million, allowing eligible shareholders to participate on the same terms.

Proceeds will be used to advance the McDermitt Lithium Project one of the largest lithium resources in the United States through exploration and infill drilling, metallurgical testwork, technical studies and permitting, as well as to support the proposed NASDAQ listing of US Elemental Inc., which remains on track to close in H2 2026.

Congratulations to the Jindalee Lithium Limited team on a strongly supported raise at an exciting inflection point for the company.

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