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Pilbara Minerals Limited ( (AU:PLS) ) just unveiled an announcement.
Pilbara Minerals Limited has completed its acquisition of Latin Resources Limited, marking a significant milestone in the company’s growth strategy. This acquisition includes the Salinas Project in Minas Gerais, Brazil, which will be renamed the Colina Project. The project is expected to become a leading hard rock lithium operation globally, aligning with PLS’s aim to diversify revenues and supply new markets. The acquisition strengthens PLS’s asset base with a second 100% owned lithium asset, providing flexibility to expand into emerging markets such as Europe and North America. PLS plans to advance project studies and conduct an exploration program to optimize the Colina Project, ultimately making a final investment decision based on market conditions.
More about Pilbara Minerals Limited
Pilbara Minerals Limited (PLS) is a leading global producer of lithium materials with a diverse portfolio in the battery materials sector. The company owns the Pilgangoora Operation in Australia, the world’s largest independent hard-rock lithium operation, and the Colina Project in Brazil. PLS is also involved in the lithium value chain through a joint venture with POSCO in South Korea, and it has partnerships with international companies such as POSCO, Ganfeng, Chengxin, Yahua, and General Lithium.
YTD Price Performance: 5.28%
Average Trading Volume: 75,904
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.24B
For detailed information about PLS stock, go to TipRanks’ Stock Analysis page.
