M&A Deal Summary

Westwater Resources Acquires Mesa Exploration - Sal Rica lithium Brine Project

On September 21, 2016, Westwater Resources acquired metals/mining company Mesa Exploration - Sal Rica lithium Brine Project from Mesa Exploration

Acquisition Highlights
  • This is Westwater Resources’ 2nd transaction in the Metals/Mining sector.
  • This is Westwater Resources’ 2nd transaction in the United States.
  • This is Westwater Resources’ 1st transaction in Utah.

M&A Deal Summary
Date 2016-09-21
Target Mesa Exploration - Sal Rica lithium Brine Project
Sector Metals/Mining
Buyer(s) Westwater Resources
Sellers(s) Mesa Exploration
Deal Type Divestiture

Target

Mesa Exploration - Sal Rica lithium Brine Project

Utah, United States
Mesa Exploration Corp. - Sal Rica lithium Brine Project is comprised of approximately 9,800 acres (3,960 hectares) of placer mining claims covering a highly prospective target for lithium-enriched brines in the Pilot Valley region of northwestern Utah.

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Buyer(S) 1

Buyer

Westwater Resources

Centennial, Colorado, United States

website

Category Company
Founded 1977
Sector Energy Services and Equipment
Employees11
DESCRIPTION

Westwater Resources is focused on developing energy-related metals. The Company has developed a dominant land position in three prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there. In addition, WWR remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. Westwater Resources was founded in 1977 and is based in Centennial, Colorado.

DEAL STATS #
Overall 3 of 4
Sector (Metals/Mining) 2 of 3
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 Anatolia Energy

West Perth, Australia

Anatolia Energy Ltd. is an uranium exploration company in Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Alabama Graphite

Toronto, Ontario, Canada

Alabama Graphite Corp. is a Canadian-based flake graphite exploration and development company as well as an aspiring battery materials production and technology company. Alabama Graphite operates through its wholly owned subsidiary, Alabama Graphite Company, Inc. (a company registered in the state of Alabama). With an advancing flake graphite project in the United States of America, Alabama Graphite intends to become a reliable, long-term U.S. supplier of specialty high-purity graphite products. Alabama Graphite Corp. is focused on the exploration and development of its flagship Coosa Graphite Project in Coosa County, Alabama, and its Bama Mine Project in Chilton County, Alabama as well as the research and development of the manufacturing and technological processing of battery materials.

Buy -

Seller(S) 1

SELLER

Mesa Exploration

Vancouver, British Columbia, Canada

website

Category Company
Sector Metals/Mining
DESCRIPTION

Mesa Exploration is a mineral exploration company exploring a portfolio of metal properties in the western United States.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Mergr

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