30
Nov
16:12
LITHIUM: AVZ Minerals, CATH extend deal deadline
Chinese authorities have approved the proposed investment by Suzhou Cath Energy Technologies (CATH) in the AVZ Minerals-led Manono lithium project in the Democratic Republic of the Congo.
The greenlight was a pre-condition to the deal, in which CATH would pay $240 million in cash plus a pro rata funding fee for a 24% interest in the project. Completion of the transaction was planned for 30 November, when the parties announced an extension to the deadline of the t…
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