Lithium upstart Azure Minerals has been officially acquired by joint bidders Sociedad Química y Minera de Chile S.A. (SQM) and Hancock Prospecting for $1.7 billion.
Azure was sold to the companies via a scheme of arrangement for $3.70 per Azure share.“All Azure shares have been transferred to SH Mining,” Azure Minerals said.“Azure shareholders recorded in the Azure share register as at 5.00pm AWST on Monday, May 6 2024 have today been paid $3.70 per Azure share held at the scheme record date in accordance with the terms of the Scheme.
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now we wait for the next move on the great lithium chessboard
If only I was Gina …, page-56
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