M&A

Codelco offers $385M cash for Lithium Power

LITHIUM Power International's board has secured a significant cash offer for the company and control of its flagship Maricunga brine project in Chile, which exceeds earlier estimates.

 Chair David Hannon and CFO Andrew Phillips

Chair David Hannon and CFO Andrew Phillips

State-owned copper miner Codelco, which has a multi-billion war chest to match its desire to get into the lithium space, will pay A$385 million cash for LPI, with the 57c per share bid coming in above...

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