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Zijin Mining offers to buy lithium salt maker Neo Lithium for 5 billion yuan
time2021/10/11
- Zijin Mining offers to buy lithium salt maker Neo Lithium for 5 billion yuan
Zijin Mining announced on October 10 that it has acquired Canada's Neo Lithium Corp. in a cash transaction valued at approximately C$960 million (approximately RMB 4.939 billion).
The core assets of Neo Lithium Corp. are the 100%-owned 3Q lithium saline project in Argentina, located in the TresQuebradas Salar ("3Q") lithium saline project in Catamarca Province in northwestern Argentina, which has a large amount of resources, high grade, low impurities, good development conditions and a large expansion potential.
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