# Karora Resources and Kalamazoo Resources create Kali Metals Limited

Karora Resources Inc. and Kalamazoo Resources Limited agreed to create a new lithium exploration company, Kali Metals Limited, by vending their respective lithium projects into it. Kali will be listed on the ASX.

- Type: Acquisition
- Announced: 2023-05-08
- Where: Australia
- Status: announced
- Products: lithium
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Karora Resources](https://endata.com/companies/67141.md) (partner)
- [Kalamazoo Resources](https://endata.com/companies/70149.md) (partner)
- [Kali Metals](https://endata.com/companies/70150.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/karora-announces-agreement-with-kalamazoo-resources-to-unlock-lithium-exploration-value-through-creation-of-kali-metals-limited-830247720.html), 2023-05-08: "Karora and Kalamazoo will vend their lithium exploration projects into Kali with a goal of creating a new, jointly owned but separately run lithium-focused ASX listed exploration company."

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