Pilbara Minerals completed the acquisition of Altura Lithium Project for $185m.

Pilbara Minerals, a pure-play lithium company, completed the acquisition of Altura Lithium Project, a project engaged in lithium exploration and resource development, for $185m. “This is a historic day in Pilbara Minerals’ relatively short history as a lithium producer and marks an important moment, not just for our shareholders, but also for the lithium industry in Australia. The well-timed and cost-effective acquisition of our neighbouring operation is one of the most compelling transactions seen in the lithium sector in recent times. It represents a unique opportunity to realise tangible synergies from integrating two very similar mining and processing operations and adopting a holistic approach to extracting value from what is essentially the same orebody," Ken Brinsden Pilbara Minerals Managing Director and CEO.