LSC Lithium Enters into Definitive Arrangement Agreement to be acquired by Pluspetrol

2 mins min lectura
LSC Lithium Enters into Definitive Arrangement Agreement to be acquired by Pluspetrol
LSC Lithium Enters into Definitive Arrangement Agreement to be acquired by Pluspetrol
Compartir:

LSC Lithium Corporation entered into an arrangement agreement with Pluspetrol Resources Corporation B.V. (“Pluspetrol”), pursuant to which Pluspetrol will acquire all of the outstanding common shares of LSC.

Under the Arrangement, Pluspetrol would acquire 100% of the issued and outstanding common shares of LSC for cash consideration of C$0.6612 per LSC share. The Transaction was unanimously approved at the meeting of the LSC Board of Directors and the LSC Board of Directors recommends that LSC shareholders vote in favour of the Transaction. The Transaction provides total consideration of approximately C$111 million.

The strategic review process, while in place since August 2017, was accelerated upon the release of LSC’s updated Resource Estimate on its Pozuelos Project in November 2018 and its robust Preliminary Economic Assessment on its Pozuelos-Pastos Grandes Project in December 2018, and recently Pluspetrol was granted exclusivity and has completed extensive due diligence.

Stephen Dattels, Chairman of the Board of LSC, commented, “LSC has been able to produce a large lithium carbonate resource at its Pozuelos-Pastos Grandes Project as well as a robust PEA. It also has an extensive portfolio of high quality lithium exploration assets, most notably at Rio Grande and Salinas Grandes. However, since February of 2018, capital markets have been difficult for junior lithium explorers in Argentina and elsewhere, resulting in a correction in market valuations across the board. Notwithstanding this market correction, and due to our progress in advancing our top-tier assets, we have achieved an opportunity for shareholders to realise a liquidity event at normal market premiums.”

Publicado por: Panorama Minero

Categoría: Noticias

¿Querés recibir noticias del sector y de las iniciativas de Panorama Minero?


Suscribite a nuestro boletín.

Imagen ilustrativa para la noticia: San Juan: Minería digitaliza su Catastro Minero | Panorama Minero

San Juan: Minería digitaliza su Catastro Minero

Con esta modernización, la nueva gestión avanza hacia un sistema digital, ágil y transparente, que fortalece la institucionalidad minera y abre nuevas oportunidades de desarrollo.

Imagen ilustrativa para la noticia: Volatilidad en el mercado del litio: Catamarca será sede de un debate global con gobiernos y compañías líderes | Panorama Minero

Volatilidad en el mercado del litio: Catamarca será sede de un debate global con gobiernos y compañías líderes

Según un último informe de la Secretaría de Minería de la Nación, el precio del carbonato de litio en Asia promedió en julio US$8.477 por tonelada, un repunte mensual del 4,7% tras la suspensión de operaciones en China. Aunque se mantiene 33% por debajo del nivel de 2024, la suba reavivó el debate sobre la seguridad de la oferta y la creciente demanda de vehículos eléctricos.

Imagen ilustrativa para la noticia: KGHM, el modelo de negocios mineros de Polonia | Panorama Minero

KGHM, el modelo de negocios mineros de Polonia

Uno de los diez principales productores de cobre del mundo, KGHM suma a Argentina en su radar de destino de inversiones. Maciej Matuszewski (Director Development of Foreign Projects, KGHM Poland) y Mariusz Lasek (General Manager, KGHM Chile) brindaron mayores detalles en Argentina Cobre, conferencia organizada por PANORAMA MINERO y desarrollada en la provincia de San Juan.

Imagen ilustrativa para la noticia: Milicic se suma a la AOG Expo 2025 | Panorama Minero

Milicic se suma a la AOG Expo 2025

La empresa de construcciones y servicios con más de 50 años de experiencia participará de la Exposición Internacional del Petróleo y del Gas, con un stand en el pabellón del Grupo Argentino de Proveedores Petroleros (GAPP).