Alpha Lithium says Tecpetrol hostile bid not official yet mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Tecpetrol Investments, a member of the Techint Group, on Monday went public with news that it had approached Alpha Lithium with an all-cash offer, which the Canada-headquartered firm reportedly “refused to consider”.
Spain-incorporated Tecpetrol said it had presented Alpha, which produces lithium hydroxide and carbonate from Tolilar Salar, Argentina, with a C$1.24-a-share proposal on May 15.