trending Market Intelligence /marketintelligence/en/news-insights/trending/csoqxqv-drf3hjrxmdzwug2 content esgSubNav
In This List

Lithium Australia snapping up German project in €2M deal

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Lithium Australia snapping up German project in €2M deal

Lithium Australia NL agreed to acquire the Sadisdorf lithium-tin project in eastern Germany from Tin International AG in a €2 million deal, the company said June 11.

According to an estimate by CSA Global, the project has an inferred mineral resource of 25 million tonnes grading 0.45% lithium oxide. The company added that lithium was contained within lithium micas within alteration around the tin mineralization.

The project had been a joint venture. However, under the new agreement, Tin International will sell its interest in the property as well as the nearby Hegelshöhe exploration license.

Pending the consent of the German Mining Authority, Tin International will transfer 100% interest for a consideration of €2 million; €500,000 will be paid in cash, while the remaining €1.5 million will be paid in Lithium Australia shares.