Alita shareholders to get nothing

SHAREHOLDERS in collapsed lithium-tantalum miner Alita Resources likely won’t get a brass razoo if a deed of company arrangement with China’s Liatam Mining is approved by the courts, with an independent expert’s report from KordaMentha concluding its debts far outweigh the value of the company’s assets.

Alita shareholders to get nothing Alita shareholders to get nothing Alita shareholders to get nothing Alita shareholders to get nothing Alita shareholders to get nothing

Around $11 million worth of spodumene is stockpiled at Bald Hill.

KordaMentha last year concluded that Alita's collapse was "inevitable" as soon as its offtake partner stopped taking product in May 2019, given high ongoing costs.