• Conducting a share purchase plan to raise up to A$10 million
• Shares to be issued at A$0.105 per share, same as recent A$50 million placement
• Proceeds to fund development of the Finniss Lithium Project

Core Lithium Ltd (ASX: CXO) announced that it will be conducting a share purchase plan (SPP) to provide eligible shareholders with the opportunity to acquire up to A$30,000 worth of ordinary shares in the company without paying any brokerage costs, commission or other transaction costs. The SPP supplements the recently completed A$50 million institutional placement conducted at A$0.105 per share. Eligible shareholders participating in the SPP will be able to purchase new shares at the same issue price of A$0.105 per share. Core is targeting to raise up to approximately A$10 million under the SPP, although the company may accept applications that result in the SPP raising more or less than that target amount. Proceeds from the placement will fund the start of development at BP33, including the box cut and decline works essential for underground readiness, as well as long-lead items, other operational readiness activities, and general working capital and offer costs. Funds raised via the SPP will be used for working capital purposes. The SPP offer opens on 4 September 2025 and is expected to close on 24 September 2025.