CHILEAN – AUSTRALIA

Lithium takeover talk ignites Pilbara targets

roymorgansocial Leave a comment

Original article by Peter Ker
The Australian Financial Review – Page: 15 : 24-Oct-23

Chilean lithium company SQM looks set to acquire Pilbara lithium explorer Azure Minerals, which asked for a halt in trading of its shares on Monday ahead of a "potential change of control transaction". Most assume that SQM is the company being referred to, as it offered in July to pay $2.31 per share for Azure in a deal that valued it at close to $1 billion. It was the second deal involving SQM and the Pilbara on Monday, with SQM to pay Gary Morgan’s Haoma Mining $2.5 million for a stake in lithium exploration company Pirra, which is also looking in the area.

CORPORATES
SOCIEDAD QUIMICA Y MINERA SA, AZURE MINERALS LIMITED – ASX AZS, HAOMA MINING NL, PIRRA LITHIUM PTY LTD

Chile’s SQM invests in Kidman lithium project

roymorgansocial Leave a comment

Original article by Tess Ingram
The Australian Financial Review – Page: 19 : 13-Jul-17

Kidman Resources has sold a 50 per cent stake in its Earl Grey lithium deposit to Chile-based SQM for $A110m. The deal comprises a cash payment of $A30m, with the balance to be provided in the form of development funding. Rather than merely exporting lithium ore, Kidman and SQM intend to build a processing plant in Australia to convert the ore to lithium hydroxide. John Deniz of Paragon Funds Management says integrated projects are likely to be more resilient if demand for lithium eases.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, SOCIEDAD QUIMICA Y MINERA SA, PARAGON FUNDS MANAGEMENT, MARINDI METALS LIMITED – ASX MZN, SUPREME COURT OF WESTERN AUSTRALIA, NEOMETALS LIMITED – ASX NMT, MINERAL RESOURCES LIMITED – ASX MIN, TIANQI LITHIUM CORPORATION