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Latin Resources Limited ( (AU:LRS) ) has provided an announcement.
Latin Resources Limited has announced that its shareholders and option holders have overwhelmingly approved the acquisition by Pilbara Minerals Limited of all its shares and options through a scheme of arrangement. Additionally, the company plans to demerge its non-core exploration assets across Australia, Peru, and Argentina, which has also received strong shareholder backing. These strategic moves are expected to significantly impact Latin Resources’ operational focus and industry positioning, aligning it more closely with Pilbara Minerals while divesting non-core assets.
More about Latin Resources Limited
Latin Resources Limited is a company involved in the mineral exploration industry, focusing on Australian, Peruvian, and Argentinian mineral assets.
YTD Price Performance: -3.12%
Average Trading Volume: 11,241,905
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$434.2M
Find detailed analytics on LRS stock on TipRanks’ Stock Analysis page.
