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New Deal


Announced

Global Lithium to acquire the remaining 20% stake in Manna Lithium Project for $80m.

Financials

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Transaction Value£67m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned80%
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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lithium

Majority

Private

Australia

Specialty Chemicals

Pending

Friendly

Single Bidder

Acquisition

Domestic

Synopsis

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Global Lithium, an lithium exploration company, agreed to acquire the remaining 20% stake in Manna Lithium Project for $80m. “The outstanding on-the-ground exploration work completed by the Global Lithium team over the past 6 months has delivered impressive results at Manna, affording us the opportunity to now present an offer to Breaker which we believe is a win-win for both companies. The acquisition of the underlying tenements provides Global Lithium with a clearer development pathway as we look to conclude these development focused studies in late 2023,” Warrick Hazeldine, Global Lithium Chairperson.

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