Orocobre pairs up with Advantage Lithium

By IM Staff
Published: Monday, 28 November 2016

Advantage Lithium will advance Orocobre's exploration projects in the northern provinces of Argentina in a deal that will see Orocobre take over 30% stake in the company.

Orocobre Ltd has agreed to divest a number of its lithium brine exploration projects in Argentina to Advantage Lithium Corp. 

In exchange Advantage will issue over 40.6m shares, worth approximately $37m as of 22 November, to Orocobre, taking the ASX-listed lithium producer's shareholding in Advantage Lithium to between 31.1%...

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