# Alliance Mineral Assets and Tawana Resources agree merger of equals

Alliance Mineral Assets Limited and Tawana Resources NL announced a merger of equals to consolidate ownership of the Bald Hill lithium project. The merged entity will have a pro-forma market capitalisation of approximately A$446 million.

- Type: Acquisition
- Announced: 2018-04-05
- Where: Western Australia, Australia
- Value: $346.0M (446.0M AUD)
- Status: announced
- Products: lithium concentrate
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Alliance Mineral Assets](https://endata.com/companies/27445.md) (acquirer)
- [Tawana Resources NL](https://endata.com/companies/31143.md) (target)

## Sources

- [acnnewswire.com](https://www.acnnewswire.com/press-release/english/42632/sgx-listed-alliance-mineral-assets-limited-plans-merger-with-asx-listed-tawana-resources-nl-to-become-a-mid-tier-lithium-producer), 2018-04-05: "We are extremely pleased that the joint venture arrangement we entered into with Tawana in 2017 has resulted in a merger proposal that makes sound strategic sense"
- [australianmining.com.au](https://www.australianmining.com.au/tawana-merge-bald-hill-lithium-partner-alliance/), 2018-04-05: "The JV partners believe a merged company will be ideally positioned to become a sizeable producer of high-demand lithium concentrate."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.