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In This List

General Mining recommends shareholders to accept Galaxy takeover offer

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

General Mining recommends shareholders to accept Galaxy takeover offer

The board of GeneralMining Corp. Ltd. has unanimously recommended that shareholdersaccept Galaxy Resources Ltd.'stakeover offer in theabsence of a superior proposal.

In May, Galaxy Resources agreed to acquire General Mining tocreate a lithium miner with a market cap exceeding A$700 million. Galaxy Resourcesis offering 1.65 of its shares for every General Mining share held, valuing thelatter at A$216 million, or 65.2 Australian cents per share.

The two companies became joint venture partners for theMount Cattlinspodumene project in Western Australia in June 2015 under an .