Creates a leading diversified global lithium company with a large wholly-owned portfolio of hard rock and brine based lithium assets located in multiple jurisdictions
Merged entity will have a strong financial position with growing cash flow generation to support continue project expansion and development, and further industry opportunities
Galaxy and General Mining shareholders will own 71% and 29% respectively of the enlarged Galaxy
4.94% of General Mining shares have entered into pre-bid acceptance agreements
We are sitting on the new Lithium Major that may well be taken by one of the Big 3 once merged imo
GMM Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held