Pilbara Minerals to take control of Altura Mining’s lithium project

By Carrie Shi, Dalila Ouerghi
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 receivership...

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