11
Dec
13:48
LITHIUM: Pilbara clears one of two conditions on Altura acquisition
Pilbara Minerals has fulfilled one of the two conditions on its proposed purchase of Altura Mining’s lithium operations in Western Australia, Kallanish reports.
Altura creditors have approved Pilbara’s proposed deed of company arrangement on 11 December, moving the deal a step closer to completion. The next condition to be met is the AUD 240 million ($180.9m) equity raising, to fund the $175m acquisition of Altura Lithium Operations (ALO).
The c…
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