26
Oct
16:39
EUR recommends SPAC merger to progress Wolfsberg lithium project
Australia-listed European Lithium (EUR) said Wednesday it intends to merge with Nasdaq-listed Sizzle Acquisition Corp, a move that should raise $159 million in gross capital for its Austrian lithium project.
The proposed transaction would see the special purpose acquisition company (SPAC) acquire EUR’s ownership in three Austrian subsidiaries, which together hold the Wolfsberg lithium project, plus an interest in non-core Weinebene and Eastern Alps lithium …
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