Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

The Market Herald07-24

It’s been a busy day on the Australian stock exchange for acquisitions and related developments, with various companies from the technology to mining sector reporting on their progression through ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAcquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-24 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/acquisitions-roundup-european-lithium-diatreme-resources-and-srj-technologies-2024-07-24/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s been a busy day on the Australian stock exchange for acquisitions and related developments, with various companies from the technology to mining sector reporting on their progression through ...</p>\n\n<a href=\"https://themarketonline.com.au/acquisitions-roundup-european-lithium-diatreme-resources-and-srj-technologies-2024-07-24/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://themarketonline.com.au/acquisitions-roundup-european-lithium-diatreme-resources-and-srj-technologies-2024-07-24/","article_id":"2454589768","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454589768","pubTimestamp":1721790840,"columns":[],"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"It’s been a busy day on the Australian stock exchange for acquisitions and related developments, with various companies from the technology to mining sector reporting on their progression through these processes.In the ever-dominant mining sector, European Lithium Ltd  has seen its shares edge up more than 2% on news that Critical Metals Corp – a company in which it holds a majority share – has completed the first stage of investment for acquisition of the Tanbreez Greenland rare earth mine with an initial taking on of 36.45% equity interest.Critical Metals Corp  is aiming to acquire 92.5% interest in the deposit from Rimbal Pty Ltd – a company led by geologist Gregory Barnes – and as per today’s announcement, it has completed the first stage of this process by upping its equity interest in Tanbreez to 42%, through the issuing of 8,398,656 CRML to Rimbal. This will mean that European Lithium will retain a 7.5% ownership in the Tanbreez Project.The acquisition comes after a strong perio","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7016":"应用软件","EUR.AU":"EUROPEAN LITHIUM LTD","PLS.AU":"PILBARA MINERALS LTD","DRX.AU":"DIATREME RESOURCES LTD","BK7504":"锂钴概念","SRJ.AU":"SRJ TECHNOLOGIES GROUP -CDI","BK4168":"多种金属与采矿","ACE.AU":"ACUSENSUS LTD","BK7108":"石油天然气设备与服务","CRML":"CRITICAL METALS CORPORATION","BK7095":"多种金属与采矿","BK7507":"资源股","MLM.AU":"METALLICA MINERALS LTD"},"translate_title":"收购综述：European Lithium、Diatreme Resources和SRJ Technologies","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACE.AU":1,"CRML":1,"DRX.AU":1,"EUR.AU":1,"MLM.AU":1,"PLS.AU":1,"SRJ.AU":1},"content_text":"It’s been a busy day on the Australian stock exchange for acquisitions and related developments, with various companies from the technology to mining sector reporting on their progression through these processes.\nIn the ever-dominant mining sector, European Lithium Ltd (ASX:EUR) has seen its shares edge up more than 2% on news that Critical Metals Corp – a company in which it holds a majority share – has completed the first stage of investment for acquisition of the Tanbreez Greenland rare earth mine with an initial taking on of 36.45% equity interest.\nCritical Metals Corp (CRML) is aiming to acquire 92.5% interest in the deposit from Rimbal Pty Ltd – a company led by geologist Gregory Barnes – and as per today’s announcement, it has completed the first stage of this process by upping its equity interest in Tanbreez to 42%, through the issuing of 8,398,656 CRML to Rimbal. This will mean that European Lithium will retain a 7.5% ownership in the Tanbreez Project.\nCritical Metals Corp CEO and Chairman Tony Sage said that reaching stage 1 was a key development in the company’s acquisition plans for the mine, and would enable Critical Metals to become a long-term strategic supplier of light and heavy rare earth elements.\n“Tanbreez is a game-changing rare earth asset for the West, an assessment supported by both our due diligence, including our visit to the project last week, as well as third-party evaluations,” he said.\nAlso on Wednesday, Diatreme Resources Ltd (ASX:DRX) has obtained more than 90% interest in shares held by silica sand explorer Metallica Minerals Ltd (ASX:MLM) as part of its offtake plan to acquire the latter company, with Diatreme urging Metallica shareholders to accept its takeover offer – which will close on August 6 at 19:00 AEDT.\nAccording to the offer, Metallica’s shareholders would receive 1.3319 ordinary Diatreme shares for each ordinary share in the former company.\nGiven its interest has now risen beyond 90%, Diatreme is now seeking to compulsorily acquire any outstanding shares and begin the process of having Metallica removed from the bourse.\nMeanwhile, engineering services company SRJ Technologies Plc (ASX:SRJ) is set to take on 100% of the capital issued by Air Control Entech Ltd (ACE), a UK-based business focused on leveraging advanced robotics and custom drone technology to provide remote inspection services to the oil and gas industry.\nSRJ – which is based in Jersey – has executed a share purchase agreement to make the acquisition of ACE’s issued capital, with SRJ to pay a combination of ordinary shares in SRJ (traded on the ASX as CHESS Depositary Interests, or CDIs) and cash, with ACE shareholders to hold around 28% of the issued share capital in SRJ once the acquisition is completed.\nThe cash amount under agreement is approximately GBP£4.5 million (or around A$8.6 million) in cash and the balance by the issue of 175,249,279 New CDIs.\nThe acquisition comes after a strong period for ACE, with 64% revenue growth achieved in the Financial Year 2023, with a projected 174% growth for the 2024 Financial Year, maintaining strong gross margins of 75% and EBITDA margins of 41%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454589768"}