Canadian company BlueBird Battery plc has agreed to acquire 100 % of Australian firm Southern Lithium in an all - shares deal worth at least CAD2.5 m ( $ 1.9 m ) . The purchase gives investors access to assets in the Eastern region , and includes two granted exploration licences , as well as three exploration licence ##s and a granted mining licence , which in total cover 664 sq km . Bluebird CEO Nav Dhaliwal said the acquired region contained 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.