Lithium Ionic has closed the US$37.5 million sale of its Salinas lithium properties to PLS, taking US$30 million in cash at closing and keeping a 2.0% spodumene royalty on Baixa Grande.
PLS Group Secures Canmax Offtake Agreement with $1,000 Price Floor
Pilbara Minerals announces 150kt/year spodumene offtake with Canmax Technologies, featuring US$1,000/t floor price and $100M prepayment through 2028.
Pilbara Minerals to Acquire Latin Resources in All-Share Lithium Deal
Pilbara Minerals acquires Latin Resources in an all-share deal, adding the Salinas Lithium Project in Brazil. Transaction implies A$0.20 per LRS share, a 57% premium to 10-day VWAP.