Essential Metals gets $94 million buyout bid from TianqiLithiumAU, a Tianqi-IGO joint venture lithium, Australia, batterymetals
The joint venture already has a a 51% stake in Greenbushes, the world’s largest hard rock lithium mine, and 100% of the Kwinana lithium refinery.
Pioneer, which is years from development, includes the Dome North mineral resource of 11.2-million tonnes at 1.16% lithium oxide. The transaction requires the approval of Australia’s Foreign Investment Review Board , with Treasurer Jim Chalmers having the ultimate say.
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