Wednesday, October 8, 2025

Latest

Lithium Americas Enters Bidding War For Millennial Lithium

Lithium appears to be hot again. Lithium Americas Corp (TSX: LAC) this morning began a bidding war for Millennial Lithium (TSXV: ML), whom was set to be acquired by CATL, a China-based firm.

Lithium Americas offer proposes that Millennial’s shareholders will receive $4.70 per common share plus $0.001 in cash, for total consideration of US$400 million for the company. The offer amounts to a premium of $0.85 per common share over the offer from CATL.

Millennial in an announcement this morning responded, indicating that it is in fact a superior offer and that they have begun a ten business day matching period in connection with the CATL agreement, enabling CATL to propose a new deal that stops Lithium Americas from being the superior offer.

The offering from Lithium Americas is said to not be contingent on any financing, with the $4.70 per share to be paid in the form of Lithium Americas shares, which would see Millennial effectively own 9.9% of the resulting company. The arrangement would also see the company pay a termination fee of US$20 million if Millennial does in fact walk from the deal with CATL.

CATL has until November 16 to provide a matching or superior offer for the company.

Lithium Americas last traded at $35.90 on the YSX.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Lithium Americas: Ninth Circuit Court Hears Oral Arguments on Appeal of Approval of Thacker Pass Mining License

On June 26, opponents of Lithium Americas Corp.’s (TSX: LAC) giant Thacker Pass lithium mining...

Thursday, June 29, 2023, 07:39:00 AM

Lithium Americas: Federal Ruling On Thacker Pass Expected As Early As March

On January 5, Chief Judge Miranda Du of the U.S. District Court of the District...

Thursday, January 12, 2023, 03:05:00 PM

Lithium Shock Expected As CATL Mine Halts

CATL has reportedly halted mining at its Jianxiawo lepidolite operation effective this weekend, with no...

Monday, August 11, 2025, 12:55:00 PM

Lithium Americas Slated To Complete Separation Of Business On October 3

Lithium Americas (TSX: LAC) is anticipating it will complete the separation of its businesses next...

Friday, September 29, 2023, 08:48:11 AM

Chinese EV Giants Advance as Tesla Struggles in Key Asian Market

China’s electric vehicle industry saw two major technological developments this week that could further challenge...

Wednesday, March 19, 2025, 12:07:00 PM