Latin Resources Announces Acquisition Proposal and Demerger Plan

Latin Resources Limited ( (AU:LRS) ) has provided an announcement.

Latin Resources Limited has announced a proposal for Pilbara Minerals Limited to acquire all shares and options through a scheme of arrangement. Additionally, there is a proposed demerger of Latin Resources’ non-core assets into ESG Minerals Limited. This strategic move signifies a significant shift for Latin Resources, potentially impacting its market positioning and offering stakeholders a chance to participate in the meetings to discuss the changes.

More about Latin Resources Limited

Latin Resources Limited is a company involved in mineral exploration with a focus on non-core assets in Australia, Peru, and Argentina.

YTD Price Performance: -3.12%

Average Trading Volume: 11,385,351

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$434.2M

For a thorough assessment of LRS stock, go to TipRanks’ Stock Analysis page.