Mineral Resources ups shareholding in Mt Marion lithium project

June 3, 2016

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ASX-listed Mineral Resources has exercised its option to acquire a further 13.1% shareholding in Reed Industrial Minerals from fellow-listed Neometals, taking its shareholding in the Mt Marion project to 43.1%.
Mineral Resources subsidiary Process Minerals International would pay Neometals $19.65-million for the additional stake in the Western Australia-based project, the joint venture (JV) partners announced on Friday.

Category: General