Lithium miners Orocobre, Galaxy gain approvals for merger

August 14, 2021 / www.metalbulletin.com / Article Link

Australia-listed lithium miners Orocobre and Galaxy have gained the shareholders' and court approvals that were necessary for their proposed merger, the companies announced on Friday August 13.

On August 6, Galaxy's shareholders voted in favor of the deal, and on August 13 the Supreme Court of Western Australia made orders approving the proposed merger, the companies said.

According to the merger scheme, Galaxy shares will be removed from the Australian stock exchange (ASX) on August 16. The next day, new Orocobre shares will start trading...

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