ENERGY MINERALS

Zijin enters battery metals with Neo Lithium deal

Zijin Mining Group is to buy Neo Lithium in a C$6.50 per share all-cash deal valued at C$960 million, to obtain the Tres Quebradas, also called 3Q, lithium project in Catamarca, Argentina. The offer represents a 36% premium over Neo Lithium's 20-day volume-weighted average price as at October 8 and an 18% premium over its last close of C$5.49.

Neo Lithium's 3Q projet in Catamarca, Argentina

Neo Lithium's 3Q projet in Catamarca, Argentina

Neo Lithium aims to initially produce 20,000 tonnes of battery grade lithium carbonate over a 35-year mine life following an initial capital investment of US$318.9 million from proven and probable reserves...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.