Lepidico rejects takeover bid

LITHIUM mica developer Lepidico has rejected a takeover offer from Lithium Australia as inadequate, announcing plans to raise cash for a definitive feasibility study using its L-Max lithium processing technology.

Lepidico rejects takeover bid Lepidico rejects takeover bid Lepidico rejects takeover bid Lepidico rejects takeover bid Lepidico rejects takeover bid

Lepidico and its largest shareholder, Strategic Metallurgy, said they would reject the offer and advised shareholders to take no action.