Lithium Australia in $7m acquisition – Australia News


Junior explorer Lithium Australia has announced plans to acquire a Brisbane-based battery cathode developer in an all-scrip deal worth about $7.3 million.

Perth-based Lithium will issue up to 61.2 million shares to acquire Very Small Particle Company, which holds intellectual property that facilitates the production of battery cathode material.

The acquisition includes a decommissioned pilot plant in Brisbane, which is designed to produce complex metal oxides and phosphates for cathode production.

To read more, please Login or Register below

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Problems, questions, feedback? Please call +61 8 9288 2100

click here to read the rest of this story


Please enter your comment!
Please enter your name here