Lithium Plus Minerals Ltd (ASX:LPM) has lodged an Appendix 2A application with ASX seeking quotation of 13,675,000 ordinary fully paid shares issued on 9 November 2026 at an issue price of AUD $0.10 per security, forming part of a placement previously announced to the market on 2 November 2026.

Key Points

  • 13,675,000 ordinary fully paid shares applied for quotation, issued on 9 November 2026 at AUD $0.10 each
  • The securities form part of a placement transaction first notified to ASX via Appendix 3B on 2 November 2026
  • A second tranche of 2,900,000 shares remains outstanding, subject to shareholder approval (600,000 shares) and deferred payment (2,300,000 shares)
  • Following quotation, total quoted ordinary fully paid shares on issue will be 168,345,000

Placement Details and Issue Terms

The 13,675,000 ordinary fully paid shares are being issued for cash consideration in Australian dollars at a price of AUD $0.10 per security. According to the filing, the securities were issued on 9 November 2026 and the application for their quotation on ASX was lodged on the same date. The placement was previously notified to the market through an Appendix 3B lodged on 2 November 2026, titled "New - Proposed issue of securities - LPM", and the current quotation application covers the first tranche of that transaction.

Second Tranche Subject to Shareholder Approval and Deferred Payment

The filing discloses that further securities are yet to be issued to complete the transaction. A second tranche of 2,900,000 shares remains outstanding, comprising 600,000 shares subject to shareholder approval and 2,300,000 shares subject to deferred payment. No timetable for the completion of the second tranche was specified in the filing. The filing confirms that these further issues have not yet taken place as at the date of the quotation application.

Issued Capital Following Quotation

Upon quotation of the 13,675,000 shares, the total number of quoted ordinary fully paid shares on issue will be 168,345,000, according to the filing. Unquoted securities on issue include 3,400,000 performance rights (LPMAK), 4,000,000 restricted options expiring 22 April 2025 (LPMAF), 6,000,000 restricted options expiring 31 October 2026 (LPMAG), 2,600,000 restricted performance rights (LPMAH), 500,000 restricted options expiring 30 June 2025 (LPMAI), and 500,000 options expiring 9 August 2027 at an exercise price of $0.30 (LPMAJ).