Excerpt from another media release:NAL produced 114,000t of lithium concentrate in 2018, but low prices forced the company to halt production in February 2019.
Market conditions today are considerably more favourable for lithium miners, with producers reporting price climbs of up to 90 per cent over the past six months.
In addition to the approval of the Court, the transaction remains subject to completion of definitive agreements, shareholder approval and other necessary regulatory approvals.
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Ann: Sayona Bid for NAL to be Submitted for Court Approval, page-139
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