Spodumene producer Pilbara Minerals has entered a conditional deal to acquire Altura Mining's lithium project in Western Australia, it said on Wednesday October 28.
Pilbara's conditional agreement with Altura's senior secured loan noteholders provides a path for a potential purchase of the project through the acquisition of shares in Altura Lithium Mining Operations Pty Ltd (ALO) for about US$175 million.The move followed unsuccessful attempts by the company to refinance more than...