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Ningde Times invests lithium miner Pilbara to take an 8.5 per cent stake in it
Oct 14,2019 08:59CST
translation
Source:SMM
Lithium miner Pilbara Minerals announced a few days ago that it had completed its allocation of shares in the Ningde era, worth A $20 million. The A $20 million investment is the first step in a A $55 million strategic investment plan for the Ningde era.
The content below was translated by Tencent automatically for reference.

SMM10 14: lithium miner Pilbara Minerals issued an announcement a few days ago, has completed the Ningde era of stock allocation, worth A $20 million.

The A $20 million investment is the first step in a A $55 million strategic investment plan for the Ningde era.

The second investment will then reach A $35 million, and once the second placement is completed, Ningde will own a stake in Pilbara Minerals8.5%.

As part of the previous agreement, the Ningde era has expressed its willingness to provide commercial support to Pilbara by buying spodumene concentrate.

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