In January 2024, Kalamazoo successfully completed the spin out of its Australian lithium projects into a new ASX-listed exploration company, Kali Metals Limited (ASX Code: KM1) via a heavily oversubscribed $15 million IPO. At the time of the Kali listing, TSX listed Karora Resources Inc (TSX: KRR) vended into Kali its highly prospective lithium mineral rights across an extensive range of projects located south of Kalgoorlie, WA.

Kalamazoo maintains 20.2% shareholding in Kali post listing and Kalamazoo shareholders were provided ongoing exposure to Kali’s exploration projects via an in-specie distribution of shares in Kali at the time of its IPO.

To view Kali Metals announcement  ASX Announcements – Kali Metals