Lithium Ionic Announces Agreement to Sell its Salinas Group of Lithium Properties to PLS for US$37.5 Million in Cash, Retaining a 2.0% Royalty on Future Spodumene Sales
Lithium Ionic has entered into a definitive agreement to sell its Salinas group of lithium properties to PLS for an aggregate cash consideration of US$37.5 million. The transaction structure includes US$30.0 million payable at closing and US$7.5 million deferred upon a final investment decision for PLS’ adjacent Colina Project or December 31, 2029.
Key figures
- Deal Value Usd
- 37500000
- Royalty rate
- 2.0%
- Deferred payment usd
- 7500000
- Payment at closing usd
- 30000000
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