Chinese miner Zijin to acquire Canada's Neo Lithium in $737m deal

Chinese miner Zijin to acquire Canada's Neo Lithium in $737m deal

Photo: Dominik Vanyi/Unsplash

China’s Zijin Mining Group Co Ltd will buy Canada’s Neo Lithium Corp for C$918.7 million ($737.14 million)the companies said on Friday.

Zijin has agreed to buy Argentina-focused lithium company, Neo Lithium at a price of C$6.50 per share in cash, the companies said in a joint statement.

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