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Lithium Australia acquires German lithium project

Tue, 06/19/2018 - 10:27 -- Xuan Zhong
Lithium Australia acquires German lithium project

Lithium Australia (LIT) is to acquire ownership of Germany’s Sadisdorf lithium project— and plans to take on global battery players rushing to grab a slice of Europe’s future electric vehicles supply chain business.

LIT, which was granted a 133 square-kilometre exploration licence for the Saxony site earlier this year, will acquire the lithium/tin project from Germany’s Tin International subject to regulatory approvals.

 

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