Canadian company BlueBird Battery Metals has agreed to acquire 100% of Australian firm Southern Lithium in an all-shares deal worth at least CAD2.5m ($1.9m). The purchase gives BlueBird access to assets in the Eastern Goldfields, and includes nine granted exploration licences, as well as three exploration licence applications and a granted prospecting licence, which in total cover 664 km2. Bluebird CEO Nav Dhaliwal said the acquired region held several pegmatite targets that had not been evaluated for lithium.
Canadian company BlueBird Battery Metals has agreed to acquire 100% of Australian firm Southern Lithium in an all-shares deal worth at least CAD2.5m ($1.9m). The purchase gives BlueBird access to assets in the Eastern Goldfields, and includes nine granted exploration licences, as well as three exploration licence applications and a granted prospecting licence, which in total cover 664 sq km. Bluebird CEO Nav Dhaliwal said the acquired region held several pegmatite targets that had not been evaluated for lithium.