Cosmos Exploration Raises AU$1.25 million to Advance EAU Lithium Acquisition

Cosmos Exploration Limited (ASX: C1X) has successfully raised AU$1.25 million through an oversubscribed placement of 25 million shares at AU$0.05 per share. The Board intends to participate in the placement for up to AU$250,000, subject to shareholder approval. The funds will support the potential acquisition of EAU Lithium Pty Ltd, a lithium development company with assets in the Lithium Triangle, South America. Cosmos had previously announced an exclusive option agreement to acquire 100% of EAU Lithium on 19 December 2024.

The placement comprises AU$1 million issued under ASX Listing Rules 7.1 and 7.1A, with an additional AU$250,000 for directors, subject to approval at a March/April 2025 General Meeting. The issue price reflects a 7% discount to the 15-day VWAP before the trading halt on 3 February 2025. Yelverton Capital Pty Ltd acted as the Lead Manager for the placement.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com