Stocks of the Hour: Lord Resources, Viridis Mining and Minerals, Azure Minerals
A snapshot of the stocks on the move, featuring Lord Resources (ASX:LRD), Viridis Mining and Minerals (ASX:VMM) and Azure Minerals (ASX:AZS).
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Azure is committed to delivering value for shareholders through progressing its diversified project portfolio of precious and base metal projects.
Australia
A snapshot of the stocks on the move, featuring Lord Resources (ASX:LRD), Viridis Mining and Minerals (ASX:VMM) and Azure Minerals (ASX:AZS).
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A snapshot of the stocks on the move, featuring Future Metals (ASX:FME), WA1 Resources (ASX:WA1) and Marmota (ASX:MEU) and Azure Minerals (ASX:AZS).
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Shareholders in Azure Minerals (ASX:AZS), excluding SQM of Chile and Hancock Prospecting of Perth, will vote to approve the $3.70 per share offer from the duo.
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Lithium takeover target Azure Minerals (ASX:AZS) has been named as the recipient of the 2024 Craig Oliver Award.
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SQM and Gina Rinehart’s Hancock Prospecting have collaborated to launch a joint, higher bid for Azure Minerals, surpassing SQM's previous solo effort a couple of months ago.
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Azure Minerals and its four significant investors, who have spent the majority of the past month in a wary standoff, are finally making amends this week.
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In the span of a month, Gina Rinehart and Hancock Prospecting have once again acquired a significant shareholding, this time in Australian lithium company Azure Minerals (ASX:AZS), which is currently under a foreign takeover offer. Rinehart and Hancock Prospecting previously secured a 19.9% stake in Liontown Resources, thwarting a $6.6 billion offer from US group Albemarle.
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Chile's SQM is set to invest an additional $1.6 billion to expand its presence in the Australian lithium production and export sector through the acquisition of Azure Minerals (ASX:AZS).
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Big shareholders in the lithium and nickel exploration company Azure Minerals swiftly recognized the value of investing $2.40 per share in a $120 million placement, a superior choice compared to accepting 42.31 per share from SQM, the world's second-largest lithium player.
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One way or another, Chile’s SQM states its involvement with Azure Minerals (ASX:AZS) in developing the highly prospective Andover lithium deposit in the Pilbara region of WA. Azure has rejected a $2.31-per-share offer from SQM (Sociedad Química y Minera de Chile), valuing the Australian lithium developer at A$901.4 million.
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28 Jun 2023 - Identifying one of WA's most exciting lithium finds involved trawling through long-forgotten archives in the bowels of the state’s museum.
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Azure Minerals shares jumped yesterday after SQM - one of the world’s two major lithium giants – announced it would invest up to $A20m for a 19.99% interest in the company.
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