Business
Pilbara Minerals emerges as front-runner to buy Altura – Australian Mining
Pilbara Minerals has formed a conditional agreement to acquire Altura Lithium’s operations, including the Altura lithium project, for around $US175 million ($248…
Image: Altura Mining.
Pilbara Minerals has secured a conditional agreement to acquire Altura Mining’s lithium operations, including the Pilgangoora site that neighbours its own flagship mine in Western Australia.
Under the $US175 million ($248 million) proposal, Pilbara Minerals would acquire the shares in Altura subsidiary Altura Lithium Operations, which operates the Pilgangoora project.
Altura Lithiums loan noteholders have voted in favour of the Pilbara Minerals arrangement for Altura Lithium…
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