Lightning Minerals (ASX:L1M) completed the acquisition of Bengal Mining, which holds option agreements over the CaraÃbas and Sidrônio lithium projects in Brazil, according to a Wednesday filing with the Australian bourse.
The consideration comprises AU$1.6 million in ordinary shares, 6 million options and 39,999,999 performance rights.
The completion followed the meeting of all precedent conditions, including shareholder approval and completion of the second tranche of a capital raising.
The company said it will focus on generating targets across its Brazilian assets.
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