(Adds details, background in paragraph 2-5)
Oct 31 (Reuters) - Australia's Mineral Resources (MIN) bought shares worth A$158.7 million ($101 million) in Wildcat Resources (WC8) to raise its stake in the lithium miner to 19.85%, a regulatory filing showed on Tuesday.
The iron ore-lithum miner purchased 186.7 million Wildcat shares on Oct. 28 at A$0.85 each, a 9.7% premium to the stock's close on Oct. 27.
This share buy-up is suspected to be targeting Wildcat's emerging Tabba Tabba lithium discovery in Western Australia, local media reported earlier in the day.
The deal is the latest in a slew of lithium raids in Australia, including by Gina Rinehart, the country's richest person.
Earlier this month, Rinehart-owned Hancock Prospecting built an 18.3% stake in lithium miner Azure Minerals (AZS) and it also amassed a 19.9% stake in Liontown Resources (LTR) , which thwarted Albemarle's ALB.N takeover bid.
($1 = 1.5696 Australian dollars)
News: WC8 UPDATE 1-Australia's Mineral Resources raises stake in lithium miner Wildcat Resources
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $253.9M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.5¢ | $648.2K | 3.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 538380 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 246077 | 4 |
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| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| WC8 (ASX) Chart |