LMS Energy invests $1.58M in Delorean
In Australia, Delorean Corporation has secured a A$2.2m strategic investment from LMS Energy to support working capital and the Company’s bioenergy infrastructure development pipeline. The Company has raised $2.2m via a private placement to LMS Energy. The Placement will result in the issue of 24.4 million new fully paid ordinary shares at an issue price of A$0.09 per share. The placement price represents a 10% discount to the last closing price per share on April 28, 2026 and a 13% discount to the 15-day Volume Weighted Average Price (“VWAP”). New shares issued under the Placement will be issued under Delorean’s existing capacity under Listing Rule 7.1 and will rank pari passu with existing ordinary shares form the date of issue.
With more than four decades’ experience in the bioenergy sector, LMS Energy operates more than 70 biogas projects across Australia, New Zealand and the United States.
Category: Fuels
