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Salares Lithium Inc. (CVE:LIT) and Talison Lithium Limited (TSE:TLM) report its completion merger of the two companies with immediate effect. Talison ordinary shares will commence trading on the TSX under the symbol “TLH” at the market open tomorrow, September 23, 2010. Salares’ CEO Todd Hilditch states: “It was very clear to our management team that from the day we engaged in […]
Talison ordinary shares will commence trading on the TSX under the symbol “TLH” at the market open tomorrow, September 23, 2010.
Salares’ CEO Todd Hilditch states:
“It was very clear to our management team that from the day we engaged in discussions on a potential merger with Talison, we shared the same long-term vision of the lithium sector and its growth potential. We are excited to now work with, and become part of, the Talison team and feel very strongly that our shareholders will prosper in the long-term from the new merged company and its aggressive growth strategy.”
Talison’s CEO Peter Oliver states:
“Talison is excited to have completed the merger and looks forward to accelerating the development of the highly prospective ‘Salares 7′ project. Talison is already the largest lithium producer in the world and the largest supplier of lithium concentrates into the growing Chinese market. The merged company offers shareholders exposure to the current production of lithium concentrate and the upside growth of future lithium carbonate production from both the hard-rock and brine projects to satisfy the demand for lithium products destined for the global electric vehicle market.”