Sichuan Yahua's subsidiary to acquire 3.4% stake in Australian battery metals producer
2022-02-28 18:06:46 [Print]
Sichuan Yahua Industrial Group announced on February 27 that Yahua International, its wholly-owned subsidiary, has entered into an agreement to subscribe 3
The two sides also signed an offtake agreement on the same day. Pursuant to which, ABY will supply no less than 120,000 tonnes of lithium concentrate per contract year to Yahua International, with an option to supply an additional amount of lithium concentrate to Yahua International in the future providing there is surplus supply, subject to written agreement.
ABY is an Australian battery metals company that owns mineral properties in Sudan, Ethiopia and other African countries. Its core asset is the 51%-owned Kenticha Lithium Mine in Ethiopia.
. 70 million shares of Abyssinian Metals Limited (ABY) at A$0 . 75 per share to acquire a 3 . 4% stake (pre-IPO) in the Australian battery metals producer.The two sides also signed an offtake agreement on the same day. Pursuant to which, ABY will supply no less than 120,000 tonnes of lithium concentrate per contract year to Yahua International, with an option to supply an additional amount of lithium concentrate to Yahua International in the future providing there is surplus supply, subject to written agreement.
ABY is an Australian battery metals company that owns mineral properties in Sudan, Ethiopia and other African countries. Its core asset is the 51%-owned Kenticha Lithium Mine in Ethiopia.