Bullboard - Stock Discussion Forum American Lithium Corp V.LI

Alternate Symbol(s): AMLI

Metals & Mining Industrial Metals & Minerals

American Lithium Corp. is a Canada-based company, which is engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is focused on development of its strategically located TLC lithium project (TLC) in the richly mineralized Esmeralda lithium district in Nevada, as well as continuing to advance its Falchani lithium... see more

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TSXV:LI - Post Discussion

American Lithium Corp > Lithium Giant Albemarle Nears $4.3 Billion Liontown Takeover

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Post by WallStreetGold on Sep 04, 2023 2:28am

Lithium Giant Albemarle Nears $4.3 Billion Liontown Takeover

HUGE NEWS FOR THE LITHIUM SECTOR!

Albemarle Corp. sweetened its takeover offer for Liontown Resources Ltd. to $4.3 billion as the world’s top lithium producer stepped up efforts to expand its footprint in hard rock-based assets.

The mining giant made a best and final offer of A$3 ($1.94) per share cash for the Australian developer, Liontown said Monday.

The offer comes after a slump in lithium prices from last year’s record and a corresponding drop in share prices of lithium producers. The mining giant had offered to acquire all of Liontown’s equity at A$2.50 a share, its third bid in five months, the Perth-based company said in March.

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