by Megan Stals

How to buy shares in Evergreen Lithium Limited

The search for future lithium mines in Australia continues with Evergreen Lithium

The mining exploration company has raised $7m through an IPO on the ASX. Evergreen Lithium ($EG1) plans to use these funds for the development of its projects. 

Their flagship asset is the Bynoe Lithium Project in the Northern Territory (NT). It’s located next door to the Finniss Mine owned by Core Lithium ($CXO), which is getting ready to start production in the first half of 2023. Some of the team’s initial activities at the site have included soil samples that showed traces of lithium. 

The team’s also working on the Kenny Lithium Project in Western Australia. It’s in the Eastern Goldfields region and lies around 35km from the Bald Hill Lithium Mine. They’ve recently completed some drilling and the results should be available soon after their ASX listing. Target areas for the next stage of drilling have been identified in this data.

Evergreen’s applied to acquire another landholding that could have lithium minerals in the NT. It’s approximately 150km northeast of Alice Springs. There hasn’t been any exploration for lithium in the locality yet, but several mining companies have secured interests there. The company’s also on the lookout for new opportunities.

The firm’s future will be affected by the demand for lithium from EVs. Only time will tell whether Evergreen can navigate short-term volatilities in the commodity price to develop a lithium mine.

Evergreen Lithium is now available to trade on Stake under the ticker $EG1.

Portrait photo of Megan Stals, Market Analyst at Stake.

Megan Stals

Market Analyst

Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.


Want more?

You know what to do

Insights, trends and company deep dives delivered straight to your inbox.

Stake logo
Over 7,000 5-star reviews
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2024 Stake. All rights reserved.