M&A

Canadians buy Mt Cattlin royalty

RED 5 has taken a payday from the sale of its royalty over Galaxy Resources' Mount Cattlin spodumene mine in Western Australia, with Canada's Lithium Royalty Corporation pledging to spend A$11 million for the rights.

Red 5 gets lithium payday

Red 5 gets lithium payday

Red 5 owns the right to receive a royalty of $1.50 per tonne of ore processed from the Mt Cattlin project, located 2km north of the town of Ravensthorpe in Western Australia, and for 2016-17 the company...

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