Stay updated with breaking news from Simon Linge. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
ASX-listed Lithium Australia has struck a deal with fellow listed Eastern Resources to divest of a 70% interest in the Lepidolite Hill lithium project, in Western Australia. Under the agreement, Eastern Resources would acquire the majority share in the project for A$550 000 in cash, paid over three tranches. Lithium Australia will be free-carried until a definitive feasibility study has been completed.
Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) has entered an acquisition and joint venture (JV) agreement with Eastern Resources (ASX:EFE) Ltd to sell 70% of...
Eastern Resources has agreed to acquire a 70% stake in Lepidolite Hill, a prospective lithium mine, from Lithium Australia.
Premium Content Subscriber only FORMER workers at the Bradken foundry have lamented the loss of the longstanding Ipswich factory and the state of the wider Australian manufacturing industry after it closed last week. But some hold on to hope it will be bought by another company and operations will be restarted. About 180 workers at the Karrabin site have lost their jobs with the facility closing in stages until it completely shuts down at the end of July. Former Bradken workers had a drink at the Walloon Saloon Hotel after the company shut down its Ipswich foundry on Friday, April 23. At it...