Jindalee Lithium releases investor deck on US Elemental de-SPAC, McDermitt funding path

Jones Lang LaSalle

Jones Lang LaSalle

JLL

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  • Jindalee outlined a de-SPAC deal to form US Elemental, a NASDAQ-listed holding company for its US assets, implying a USD 500 million equity value.
  • Transaction targets a close in H2 2026, subject to shareholder votes, SEC effectiveness of the S-4, NASDAQ approval, customary closing conditions.
  • Deal structure targets USD 15 million net cash on US Elemental’s pro forma balance sheet, assuming USD 20-30 million capital raise.
  • Antarctica affiliates committed USD 4 million, with about USD 1.5 million funded at signing, about USD 2.5 million due at completion.
  • Jindalee expects to hold more than 80% of US Elemental at closing, preserving majority economic exposure to the McDermitt project.


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