There's not much that can be added at this stage. Along with...

There's not much that can be added at this stage.

Along with TG6's wording, two other companies are presented that have had recent trading halts that, prior to the halt, had a significant or dominant Lithium focus. In the case of Pioneer, a CR was flagged in the ASX halt. In the case of Mi6, the word material was also part of the ASX trading halt announcement. Mi6 then went into suspension and had a series of announcements about the transaction but has remained in suspension since January. Their proposed acquisition is for a large project, much larger than Mi6's pre-halt market cap (or cash balances). They will be trying to put together a funding package to complete the deal.

With TG6 not having flagged a CR in its announcement then its most likely some sort of lower cost transaction including either a farm-in deal or an outright acquisition of a tenement or project, but at a modest total cost. Its impossible to tell from the announcement what they have reached agreement around. Sometimes new developments emerge while a trading halt exists so even the absence of a CR to secure the acquisition is not a given.