Australia ’s Hawkstone Mining has pulled out of its proposed acquisition of USA Lithium - owner of Arizona 's copper Sandy ##burg clay project and the Lordsburg lithium brine mine in New Mexico . Hawkstone , which had signed an initial agreement in 2007 but wanted to de - risk the transaction , said the two companies were n't able to reach a final agreement .
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.