Pilbara Minerals to take control of Altura Mining’s lithium project
Published: Wednesday, 28 October 2020
Spodumene producer Pilbara Minerals has entered a conditional deal to acquire Altura Mining’s lithium project in Western Australia, it said on Wednesday October 28.
Pilbara’s conditional agreement with
Altura’s senior secured loan noteholders provides
a path for a potential purchase of the project through the
acquisition of shares in Altura Lithium Mining Operations Pty
Ltd (ALO) for about US$175 million.
The deal would be subject to the completion of a