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8 stories mentioning ASX:CXO

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Asia

Core Lithium to Spin Out Northern Territory, South Australian Exploration Assets into Axiant Resources

Core Lithium (ASX:CXO) is set to spin out selected exploration assets in the Northern Territory and South Australia into a new gold-focused company, Axiant Resources, via an initial public offering (IPO), according to a Thursday filing with the Australian bourse.The company will keep all lithium rights over the relevant tenements and retain a substantial equity stake in Axiant, while continuing its role as a lithium-focused producer, per the filing.Axiant will use IPO proceeds to explore gold and other non-lithium metals, with a prospectus expected next month and an Australian Securities Exchange listing targeted for July or August, subject to approvals and conditions, the filing said.Additionally, company Chair Greg English will retire on June 30 and is expected to become chair of Axiant, while Non-Executive Director Malcolm McComas will be appointed as the company's new chair, the filing added.The company's shares fell 2% in recent Thursday trade.

ASX:CXO
Asia

Core Lithium to Sell 25,000 Tonnes of Lithium Fines to Glencore International

Core Lithium (ASX:CXO) struck a binding agreement with Glencore International for the sale of 25,000 tonnes of lithium fines from its Finniss lithium operation in the Northern Territory, according to a Wednesday filing with the Australian bourse.Pricing under the agreement reflects prevailing lithium fines market conditions, with a base price of around $270 per tonne CIF, and shipment is expected to occur in June through the Darwin Port.The net proceeds are subject to final grade adjustments and transport costs, the company said.Core Lithium disclosed an initial sale of 20,000 tonnes of lithium fines to Glencore in April.

ASX:CXO
Asia

Core Lithium Says Mining Operations Begin at Northern Territory Lithium Operation

Core Lithium (ASX:CXO) said mining operations began at the Grants open pit, part of its Finniss lithium operation in the Northern Territory, including blasting and excavation works, according to a Wednesday Australian bourse filing.Ore from Grants is expected to be processed during the September quarter, with the first shipment of spodumene concentrate anticipated in the December quarter.

ASX:CXO
Asia

Develop Global Secures AU$274 Million Underground Mining Contract With Core Lithium

Develop Global (ASX:DVP) has secured a AU$274 million contract with Core Lithium (ASX:CXO) to deliver all underground development and production works at the Finniss lithium project in Australia's Northern Territory, according to a Wednesday Australian bourse filing.The contract covers surface infrastructure and portal development at the BP33 mine, with mobilization expected in June and mining operations scheduled to start in July, per the filing.The deal has a minimum three-year term with a two-year extension option and is expected to generate around AU$120 million in annual revenue on a steady state basis, the filing said.The company has also started work on its newly awarded five-year contract for OceanaGold's Waihi North project in New Zealand, the filing added.

ASX:CXOASX:DVP
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Monday.Energy Resources of Australia (ASX:ERA): 28.5 million sharesCore Lithium (ASX:CXO): 19.2 million sharesArafura Rare Earths (ASX:ARU): 10.9 million sharesEQ Resources (ASX:EQR): 9.4 million sharesPredictive Discovery (ASX:PDI): 4.6 million shares

ASX 200ASX:ARUASX:CXOASX:EQRASX:ERAASX:PDI
Asia

Core Lithium Completes Second Tranche of AU$120 Million Equity Raise; Shares Fall 3%

Core Lithium (ASX:CXO) has raised about AU$67 million before costs through the second tranche of its AU$120 million equity raising, issuing roughly 320 million new shares following shareholder approval to help fund development of its Finniss lithium project, according to a Friday Australian bourse filing.Total new funding received, net of costs, now amounts to around AU$157 million, per the filing.The company shareholders also approved tranche two of the $70 million convertible notes issued to Glencore and InfraVia, representing the deferred $44 million, with completion subject to Foreign Investment Review Board approval, the filing added.The company's shares fell 3% in recent Friday trade.

ASX:CXO
Asia

Core Lithium Reports AU$91.6 Million March Quarter-End Cash Balance, Awaits Shareholder Approval for Further Funding

Core Lithium (ASX:CXO) said its cash balance stood at AU$91.6 million as of March 31, up from AU$48.7 million at Dec. 31, 2025, including tranche one of its equity raise, with a further about AU$37 million received post-quarter end from tranche one of the convertible note funding, according to a Thursday Australian bourse filing.The company said the second tranche of the funding package, comprising an equity raise of AU$67 million and convertible notes of AU$62 million, both before costs, will "significantly" add to cash reserves, subject to shareholder approval at a general meeting convened for May 5, and Foreign Investment Review Board (FIRB) approval for the convertible notes.Proceeds from the sale of the Finniss spodumene concentrate stockpile are not due to be received until June and are not included in the cash balance at the end of the quarter, the filing added.

ASX:CXO
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Zip (ASX:ZIP): 41 million sharesArafura Rare Earths (ASX:ARU): 39.5 million sharesCore Lithium (ASX:CXO): 37.2 million sharesDateline Resources (ASX:DTR): 32.9 million sharesTabcorp Holdings (ASX:TAH): 15.2 million shares

ASX 200ASX:ARUASX:CXOASX:DTRASX:TAHASX:ZIP