Jindalee Lithium Limited. | Webinar Replay

Why It Matters

The spin‑out provides Ginderly with substantial U.S. capital and policy support, accelerating development of one of America’s largest lithium resources while preserving shareholder upside amid a booming lithium market.

Key Takeaways

• Ginderly to spin‑out US assets via NASDAQ‑listed US Elemental.
• Transaction values McDermott lithium clay at $500 million, premium to ASX cap.
• $20‑30 million capital raise targets feasibility study and permitting progress.
• Antarctica Capital commits $4 million cornerstone, securing US institutional backing.
• Ginderly retains ≥80% ownership, preserving shareholder upside post‑spin‑out.

Summary

The webinar announced a binding business combination that will spin out Ginderly Lithium’s McDermott lithium‑clay project into a newly formed NASDAQ‑listed entity, US Elemental. The deal, structured with special‑purpose acquisition company Constellation Acquisition Corp., aims to list the U.S. assets and unlock a $500 million valuation, far above the company’s current ASX market cap. Key points include a $20‑30 million private‑investment‑in‑public (PIP) raise to fund the next phase of the feasibility study and permitting, a $4 million cornerstone commitment from Antarctica Capital, and a non‑binding $100 million equity line of credit from L1 Capital. The project holds 21.5 million tonnes of lithium carbonate, carries a Fast‑41 designation, and benefits from a DOE research agreement, positioning it as a strategic domestic supply source. CEO Ian Rogers called the transaction “the most significant milestone since we discovered the deposit in 2018,” highlighting the $500 million valuation, the anticipated 80%+ Ginderly ownership of US Elemental, and the ability to retain board control. He also emphasized the timing, noting the third lithium market up‑cycle and rising demand from EVs and battery‑energy‑storage driven by AI data centers. The transaction gives Ginderly access to deeper U.S. capital markets, reduces dilution compared with ASX financing, and aligns the project with U.S. policy incentives for critical minerals. Retaining majority ownership preserves upside for existing shareholders while positioning the McDermott project to capitalize on the accelerating lithium demand and domestic supply chain push.

Original Description

WATCH: Red Cloud Financial Services Webinar Series Presents: Jindalee Lithium Limited.

Jindalee Lithium is a lithium development company focused on McDermitt Lithium Project in Oregon — one of the largest known lithium deposits globally. The company has signed a Business Combination Agreement with a US-listed SPAC to pursue a Nasdaq listing, with the transaction valuing McDermitt at US$500m — a significant premium to Jindalee’s current ~A$50m market cap. This unlocks access to deeper US capital pools to accelerate development of a tier-one asset. Strategically positioned to supply lithium into the rapidly growing US battery and EV supply chain, Jindalee is backed by strong federal policy tailwinds for domestic critical mineral production.

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