Beneficial partnership for all stakeholders.
The completion of the transaction is subject to verification from the Saudi Industrial Development Fund (SIDF), and Obeikan Investment Group CEO Abdallah Obeikan said he is confident the partnership will be beneficial for all stakeholders.“This partnership will combine EUR expertise with the industrial knowledge of Obeikan and the strength of Saudi Arabia,” he said.In the event the business combination agreement with Sizzle Acquisition Corpcompletes, European Lithium has agreed to procure the assignment of its rights and obligations under the JV Term Sheet to Critical Metals Corp (CRML) or one of its wholly owned subsidiaries, subject to approval by the CRML Board.The NASDAQ listing of CRML is nearing completion, with final SEC approvals expected to be obtained by the end of June 2023.Upon the closing of the transaction, EUR will be issued US$750 million worth of ordinary shares in CRML.
European Lithium teams up with Obeikan to build lithium hydroxide plant in Saudi Arabia: part of article from *.
Beneficial partnership for all stakeholders. The completion of...
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