Who wants to acquire Azure Minerals?
There are two immediately obvious candidates that could be the potential suitor of Azure Minerals.
The first is its joint venture partner at the Andover Project, the Creasy Group. At present, Azure Minerals owns 60% of the project, with Creasy Group owning the balance. Could it be interested in taking full ownership of the project?
However, getting a deal over the line would be tricky for the Creasy Group. That's because Azure Minerals has a major shareholder that could do what Gina Rinehart did at Liontown Resources Ltd (ASX: LTR) and effectively block any deal from happening.
That brings us onto the second candidate: lithium giant Sociedad Quimica y Minr de Chile SA
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