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There is already evidence of frenzied deal activity involving pre-producing companies. Develop Global, a base metals explorer backed by diversified miner Mineral Resources, last month proposed to acquire lithium developer Essential Metals for AUSD 152.6 million (USD 97.98 million). Essential Metals aims to ship ore by 2025.
MELBOURNE : Emerging Australian lithium companies are witnessing a surge in buyouts as their lower valuations and cash needs attract some of the world's top producers of the battery material and other suitors who are racing to secure supplies.Driven by receding prices of lithium and by major producer Chil
Lithium producer amasses sizeable stake
Flanagan labels transaction as opportunistic
A parcel of 60 million shares, worth $56 million, changed hands just after market close. Canaccord Genuity was the broker with the highest volume for the day.