Zijin Mining completes acquisition of New Lithium Company_SMM | Shanghai Non ferrous Metals

[Zijin Mining completes acquisition of New Lithium Company] Zijin Mining (02899) issued an announcement that the company disclosed the "announcement on the acquisition of Canadian New Lithium Company in Cash" on October 10, 2021. The company paid about C $960 million in cash to acquire Neo Lithium Corp., a company listed on the gem board of the Toronto Stock Exchange of Canada. (new Lithium Company) all issued and outstanding common shares. The core asset of New Lithium is the Tres Quebradas (3Q) Salt Lake Project, located in the province of Catamaca in northwestern Argentina.

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