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PowerStone Metals to Acquire Libra Lithium Corp.
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PowerStone Metals to Acquire Libra Lithium Corp.

Story Highlights
  • PowerStone Metals will acquire Libra Lithium through a three-cornered amalgamation.
  • Post-transaction, the company will be renamed and focus on Libra’s exploration projects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

PowerStone Metals Corp. (TSE:PS) has released an update.

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PowerStone Metals Corp. has announced a definitive agreement to acquire Libra Lithium Corp. through a three-cornered amalgamation, resulting in a fundamental change for the company. The transaction will lead to a name change to Libra Energy Materials Inc. and a share consolidation. Following the completion, the company will focus on Libra’s mineral exploration projects, key for the green energy transition.

For further insights into TSE:PS stock, check out TipRanks’ Stock Analysis page.

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