Alita suspends securities trading on dwindling lithium prices; continues spodumene production
Published: Wednesday, 14 August 2019
Alita has put a voluntary halt on securities trading due to falling lithium prices and is negotiating lithium spodumene offtake agreements and financing with its lenders.
Alita Resources, formerly known as Alliance Mineral Assets
and listed on the Australian and Singaporean securities
exchanges, has suspended the trading of its securities as of
Wednesday August 14 on the lower lithium prices.
The company will be discussing its debt situation with
lenders while negotiating with its spodumene...