Fast mining approval turnaround times in Brazil spurred Australia’s biggest pure-play lithium producer to look beyond our shores and make the counter-cyclical acquisition of Latin Resources.Pilbara Minerals on Thursday lobbed a friendly all-scrip 20¢-a-share offer for Latin Resources, putting a $560 million price tag on the lithium mining aspirant — a 67 per cent premium to what the company was trading for pre-offer.The prize for Pilbara, which has a market capitalisation of about $8.6 billion, is Latin’s flagship Salinas project in the Brazilian region of Minas Gerais. Salinas is a hard-rock lithium development set to get into production during 2026.
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