Aug 27 (Reuters) - Pilbara Minerals Ltd (PLS) :
- EXECUTES BINDING TERMS SHEET FOR LITHIUM CHEMICALS DOWNSTREAM JOINT VENTURE WITH POSCO
- WILL INITIALLY HOLD A 21% INTEREST IN JV, WITH AN OPTION TO INCREASE TO 30%
- INITIAL 21% INVESTMENT IN JV WILL BE LARGELY FUNDED THROUGH PREVIOUSLY ANNOUNCED A$79.6M CONVERTIBLE BOND AGREEMENT WITH POSCO.
- EXISTING OFFTAKE DEAL FOR SPODUMENE CONCENTRATE WILL BE ASSIGNED TO JV AND INCREASED FROM 240KTPA TO 315KTPA FOR LESSER OF 20 YRS
- US$25 MILLION PRE-PAYMENT TO BE MADE BY JV CO TO PILBARA MINERALS FOR PURPOSE OF FUNDING STAGE 2 EXPANSION OF PILGANGOORA PROJECT
- UNDER JV, POSCO TO HOLD 79% WHILE PILBARA MINERALS THROUGH UNIT TO HOLD 21%
Aug 27 (Reuters) - Pilbara Minerals Ltd (PLS) : EXECUTES...
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Last
$3.16 |
Change
-0.030(0.94%) |
Mkt cap ! $9.516B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.06 | $50.14M | 15.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49357 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 74794 | 5 |
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| PLS (ASX) Chart |