Please allow me to add a little more to that Inca...Seems a Canadian shopping spree may be on the way.
https://www.google.com/amp/s/www.cnbc.com/amp/2021/09/29/chinese-battery-maker-catl-to-acquire-canadas-millennial-lithium.html
Chinese battery maker CATL to acquire Canada's Millennial Lithium
PUBLISHED TUE, SEP 28 2021 10:54 PM EDTUPDATED TUE, SEP 28 2021 11:04 PM EDT
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- Canada's Millennial Lithium Corp said late Tuesday Chinese battery maker Contemporary Amperex Technology (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million)
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CATL, which supplies to carmakers Tesla and Volkswagen, said on Wednesday that the acquisition is to secure a stable long-term supply of lithium.
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Millennial Lithium said the Chinese battery maker has also reimbursed it for the termination fee of $10 million paid to Ganfeng, which had until Monday to match the higher bid but decided against it......
- .....Canada's Millennial Lithium Corp said late Tuesday Chinese battery maker Contemporary Amperex Technology (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million), after outbidding compatriot Ganfeng Lithium.
CATL had proposed an offer of C$3.85 per share in cash earlier this month, Argentina-focused Millennial Lithium said, outbidding the C$3.60 per share offer made in July by Ganfeng, one of the world's biggest producers of lithium chemicals used in electric vehicle (EV) batteries....
- TM.
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