AZS azure minerals limited

News: AZS UPDATE 1-Australia's Mineral Resources ups stake in Azure Minerals to 13.56%

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    (Updates with details throughout)

    Nov 14 (Reuters) - Australia's Mineral Resources (MIN) said on Tuesday that it has bought additional shares in lithium miner Azure Minerals (AZS) , raising its stake to 13.56% from 12.23% previously.

    Mineral Resources is currently on a stake buying spree, with the lithium miner recently acquiring about 19.9% in Wildcat Resources (WC8) to become a substantial shareholder.

    Previously, Hancock Prospecting, owned by Gina Rinehart, Australia's richest person, accumulated an 18.3% stake in Azure, which threatened to topple a A$1.63 billion buyout deal by Chile's SQM SQMA.SN for the company.

    SQM, Azure Minerals, and Mineral Resources did not immediately respond to a Reuters request for a comment.

 
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