Pilbara Minerals Moves to Acquire 100 Percent of Tabba Tabba

Pilbara Minerals (ASX:PLS) is in negotiations to acquire 100 percent of the tabba tabba tantalum project in Western Australia. Pilbara currently owns 100 percent of the project.
As quoted in the press release:

The Tabba Tabba Tantalum Project has been developed under a 50/50 joint venture with Valdrew Nominees Pty Ltd, trading as Nagrom & Co (Nagrom). The project is at an advanced stage with processing plant and mine camp construction complete and mining scheduled to commence in Q3 2015, subject to receipt of final operating permits from the WA Department of Mines and Petroleum.
Nagrom is a leading and long-established WA-based metallurgical and gravity processing company. Under the proposed arrangement being discussed with Nagrom, Pilbara will acquire an additional 50 per cent interest in the joint venture, enabling it to consolidate 100 per cent ownership of the project.
It is envisaged that Nagrom will continue to be involved in the project by providing the appropriate services to support the mining and processing operations of the Tabba Tabba Tantalum Project.
While the commercial terms of the transaction have been largely agreed, final contractual arrangements and binding documentation remain to be finalised with all parties, including with Global Advanced Metals Wodgina Pty Ltd (GAM), which owns the underlying Tabba Tabba tenements. The mine is being developed under a mining and off take agreement with GAM which includes a fixed price 5-year off-take for tantalite concentrate.

Click here to read the Pilbara Minerals (ASX:PLS) press release