American Lithium reaches agreement to acquire Plateau Energy Metals
2021-02-22 09:34:43 [Print]
American Lithium recently announced that it has entered a definitive agreement to acquire Plateau Energy Metals to consolidate two "significant and strategic" undeveloped lithium assets in the Americas.
The acquisition of Plateau Energy Metals would establish American Lithium as a consolidator of development assets in the Americas, the company stated, adding that the deal would substantially increase its resource base by combining its TLC project in Nevada and Plateau Energy Metals' Falchani project in Peru.
Under the terms of the agreement, American Lithium will acquire all the issued and outstanding common shares of Plateau Energy Metals on the basis of 0.29 units for each share of Plateau Energy Metals held. It is expected that Plateau shareholders will hold approximately 21% of American Lithium's shares on an outstanding undiluted basis upon completion of the transaction.
The acquisition of Plateau Energy Metals would establish American Lithium as a consolidator of development assets in the Americas, the company stated, adding that the deal would substantially increase its resource base by combining its TLC project in Nevada and Plateau Energy Metals' Falchani project in Peru.
Under the terms of the agreement, American Lithium will acquire all the issued and outstanding common shares of Plateau Energy Metals on the basis of 0.29 units for each share of Plateau Energy Metals held. It is expected that Plateau shareholders will hold approximately 21% of American Lithium's shares on an outstanding undiluted basis upon completion of the transaction.
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