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Orocobre June Quarter 2021 Key Highlights Olaroz Lithium Facility operations continue to deliver improving cashflows with a Gross Cash Margin of $4,371tonne following further improvement in the sales price of lithium chemicals and a continued focus on costs. 1 Realised average price was US$8,476tonne up 45% quarter on quarter on a free on board basis with prices up 170% over the past nine months. Costs were US$4,105t 3 . The proportion of battery grade … Olaroz Lithium Facility (Olaroz) operations continue to deliver improving cashflows with a Gross Cash Margin of $4,371/tonne following further improvement in the sales price of lithium chemicals and a continued focus on costs. ....
Posted on 3125 Orocobre (TSX: ORL) and Galaxy Resources Limited have announced entry into a binding Merger Implementation Deed (MID) where the two companies will merge in a Galaxy Scheme of Arrangement (Scheme) where Orocobre will acquire 100% of the shares in Galaxy. Shareholders of Galaxy will receive 0.569 Orocobre shares for each Galaxy share held at the record date of the Galaxy Scheme of Arrangement. At the execution of the Scheme, Orocobre shareholders will own 54.2% of the fully diluted share capital of the combined entity and Galaxy shareholders will own the remaining 45.8%. The board of both companies have unanimously recommended the Scheme and plan to vote all the shares they hold in favour of the Scheme. Martin Rowley shall become Non-Executive Chairman as Robert Hubbard would become Deputy Chairman, as Martin Perez de Solay will remain CEO and Managing Director of the group. ....
Galaxy (ASX:GXY) and Orocobre (ASX:ORE) announce mega lithium merger fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Orocobre and Galaxy agree merger globalminingreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalminingreview.com Daily Mail and Mail on Sunday newspapers.
Orocobre and Galaxy agree to a proposed A$4B merger of equals, establishing a new force in the global lithium sector investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.