Australia’s Hawkstone Mining has pulled out of its proposed acquisition of USA Lithium - owner of Arizona's Big Sandy lithium clay project and the Lordsburg lithium brine project in New Mexico. The deal was to be completed by mid-2017.
Australia’s Hawkstone Mining has pulled out of its proposed acquisition of USA Lithium - owner of Arizona's Big Sandy lithium clay project and the Lordsburg lithium brine project in New Mexico. Hawkstone, which had signed an acquisition agreement in March but wanted to de-risk the transaction, said the two parties weren't able to reach a final agreement.