US LITHIUM2 Feb 2018 11:35
https://www.investegate.co.uk/thor-mining-plc--thr-/rns/us-lithium-update/201801160739389780B/
HIGHLIGHTS
* A capital raise, issuing 2,000,000 shares @ A$0.12/share raising A$240,000 before expenses associated with the raise. This compares with the Thor acquisition of 2,500,000 shares @ US$0.03/share (approximately A$0.04/share). Thor equity has been diluted to a 20.83% interest in US Lithium.
* Commencement of activities associated with preparation to list on ASX in Australia.
* Additional claims have been lodged to the south of the Big Sandy project in Arizona, to approximately double the area of the project.
* Recent field exploration work including additional auger drilling and site mapping. Assay results are pending from this auger drilling.
* The appointment of MDS of California, USA to complete first stage metallurgical test work. MDS are reported to have considerable experience with lithium processing from clay based projects.
Mick Billing, Executive Chairman, commented:
"US Lithium has made very positive progress in recent months, and we welcome the additional investment at a substantial premium to the original Thor investment."
"The market for lithium continues to grow, and quality assets will be rewarded. We look forward to a successful listing of US Lithium on ASX in due course."
"We look forward to updating investors further as news becomes available."
From most recent interview on Proactive, I think Mick Billing quoted ASX listing price for US Lithium is expected to be around A$0.20 ?
To be confirmed at time of listing though.