Salares Lithium & Talison Announce Merger

- July 15th, 2010

Salares Lithium(CVE:LIT) & Talison Minerals report a merger to combine their respective lithium assets and create the world’s largest, publicly traded lithium production and exploration company.
The merger will combine Talison’s world class lithium minerals production in Australia with Salares’ prospective, large scale lithium brines exploration project in Chile. Upon completion of the proposed transaction, the combined entity will be […]

Salares Lithium(TSXV:LIT) & Talison Minerals report a merger to combine their respective lithium assets and create the world’s largest, publicly traded lithium production and exploration company.

The merger will combine Talison’s world class lithium minerals production in Australia with Salares’ prospective, large scale lithium brines exploration project in Chile. Upon completion of the proposed transaction, the combined entity will be well-funded, allowing for immediate expansion of the producing Australian operations to run in parallel with an accelerated exploration program at the Salares brine projects.

Salares’ Chairman David Shaw says:

“The merger of Salares with Talison will create a unique lithium company with exposure to both lithium minerals and lithium brines, building on the strong foundation of both companies to continue growing and delivering value for shareholders.”

Talison’s Chairman Peter Robinson says:

“Talison is already the largest lithium producer in the world and the largest supplier of lithium concentrates into the growing Chinese market. The merger with Salares will offer shareholders exposure to substantial growth opportunities for the potential production of lithium carbonate from lithium brines as well as from lithium minerals, to satisfy the demand for lithium products destined for the global electric vehicle market.”

For complete news release, click here.

For Salares Lithium’s company profile, click here.

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