Lithium Ionic Completes US$37.5 Million Sale of its Salinas Group of Lithium Properties to PLS
Lithium Ionic sold its Salinas group of lithium properties to PLS Brasil Mineração Ltda. for total consideration of US$37.5 million. The transaction included US$30.0 million in cash at closing and US$7.5 million in deferred consideration payable upon PLS' final investment decision or by December 31, 2029.
Key figures
- Royalty rate
- 2.0%
- Cash at closing usd
- 30000000
- Deferred consideration usd
- 7500000
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