Announced
Financials
Tags
Single Bidder
Pending
Friendly
Private
Majority
Zimbabwe
Cross Border
lithium mining
Nonferrous Metals
Acquisition
Synopsis
Huayou Cobalt, a supplier of cobalt, agreed to acquire an 87% stake in Prospect Lithium Zimbabwe, which owns the Arcadia lithium mine project near Harare, from Prospect Resources, a battery minerals company, for $378m. "The entire Prospect team is delighted with this outcome. It is the culmination of a process that gained global traction and generated inbound interest amongst potential partners for the world-class Arcadia Lithium Project," Sam Hosack, Prospect Managing Director and CEO.
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