M&A Deal Summary

Prairie Lithium Acquires Arizona Lithium

On December 20, 2022, Prairie Lithium acquired metals/mining company Arizona Lithium for 71M CAD

Acquisition Highlights
  • This is Prairie Lithium’s 1st transaction in the Metals/Mining sector.
  • This is Prairie Lithium’s largest (disclosed) transaction.
  • This is Prairie Lithium’s 1st transaction in Australia.

M&A Deal Summary
Date 2022-12-20
Target Arizona Lithium
Sector Metals/Mining
Buyer(s) Prairie Lithium
Deal Type Add-on Acquisition
Deal Value 71M CAD

Target

Arizona Lithium

West Perth, Australia
Arizona Lithium is focused on the sustainable development of the Big Sandy Lithium Project in Arizona. Arizona Lithium is based in West Perth, Australia.

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Buyer(S) 1

Buyer

Prairie Lithium

Emerald Park, Saskatchewan, Canada
Category Company
Sector Metals/Mining
DESCRIPTION

Prairie Lithium is a private lithium resource and technology developer and a proprietary lithium extraction process technology that selectively removes lithium from Brine. The group's projects hold quality inferred lithium brine resources in Canada discovered to date, with 4.1MT LCE total inferred resources at 111 mg/L Li. Located in mining-friendly jurisdictions, the projects have easy access to key infrastructure including electricity, natural gas, fresh water, paved highways, and railroads. Prairie Lithium is based in Emerald Park, Saskatchewan.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
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