Tianqi Lithium to acquire Essential Metals for A$136M

Tianqi Lithium, through its joint venture with IGO Ltd, has agreed to buy Australian lithium explorer Essential Metals Ltd for A$136 million ($94 million), including the Pioneer Dome project in Western Australia.

“The A$136 million ($94 million) bid for Sydney-listed Essential Metals Ltd ., made through Tianqi’s joint venture with local miner IGO Ltd ., includes the Pioneer Dome project in Western Australia, an undeveloped mine with estimated total reserves of more than 100,000 tons of lithium.”news.bloomberglaw.com

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• news.bloomberglaw.comTianqi Expands Lithium Empire With Deal to Buy Australian MinerJames FernyhoughJan 8, 2023

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