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Lithium Americas Corp. entered into a definitive arrangement agreement to acquire the remaining 80.3% stake in Arena Minerals Inc. from a group of shareholders for approximately CAD 220 million on... |
Click here to read the December 2022 edition of the junior lithium miners news.
Lithium chemical and spodumene prices were slightly lower the past month as cathode makers held of purchases due to a feared Q1, 2023 China EV sales slowdown as subsidies expire.
Lithium Americas has agreed to acquire all of the remaining issued and outstanding common shares of Canada-based Arena Minerals.
Lithium Americas Corp. and Arena Minerals Inc. (“Arena”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Lithium Americas has agreed to acquire all of the issued and outstanding common shares of Arena not already owned by Lithium Americas (each, an “Arena Share”) by way of a plan of arrangement (the “Transaction”).