Deals
Europe’s First Lithium Mine Agrees to Merge With SPAC
- A unit of European Lithium inks deal to go public on Nasdaq
- Wolfsberg to produce 10,500 tons of lithium concentrate a year
The battery pack of a BMW SUV.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
A unit of Australian miner European Lithium Ltd. has agreed to go public on Nasdaq through a merger with blank-check company Sizzle Acquisition Corp.
The deal will give the combined business a market value of about $972 million, assuming there are no redemptions, according to a statement on Monday, confirming an earlier Bloomberg News report. The merged entity Critical Metals Corp. will own European Lithium’s project in Wolfsberg, Austria, which could be the first licensed lithium mine in Europe.