BlackEarth Minerals has now reached the minimum required subscription of $4.5 million worth of shares with the priority offer now closed.
Notably, current indications are that the priority offer's full allocation will be issued.
Any excess applications will now be considered under the general offer, which remains open until 14 December 2017.
READ: Lithium Australia to benefit from maiden lithium resource in electric vehicle manufacturer's backyard
Most recently, Lithium Australia outlined a maiden resource estimate for the Sadisdorf Tin-Lithium Project in Germany.
The inferred estimate of 25 million tonnes at 0.45% lithium is a milestone for the lithium explorer and processing technology developer.
Lithium Australia is farming into a joint venture at Sadisdorf with German firm Tin International AG.