Arizona Lithium to acquire Prairie Lithium for $52m.

Arizona Lithium, a company focused on the sustainable development of the Big Sandy Lithium Project, agreed to acquire Prairie Lithium, a lithium resource and technology developer, for $52m. “The acquisition of Prairie Lithium is transformational for AZL as we continue to advance the company as a leader in lithium development and processing in North America. Prairie’s Board and management team have significant experience in lithium processing and technology, which will further bolster AZL’s team and expedite the sustainable development of the Big Sandy Lithium Project in Arizona, through the application of Prairie’s DLE processing technology expertise," Paul Lloyd, Arizona Lithium Managing Director.