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Mining

Parkway Minerals NL accepts Lithium Australia's offer for Lepidico shares

Parkway is focused on one of the world’s largest glauconite deposits.

Parkway Minerals NL (ASX:PWN) has outlined that it has completed the transaction foreshadowed in the ASX announcement of 6th February 2017.

The company has accepted Lithium Australia's (ASX:LIT) conditional offer of 1 LIT share for 13.25 Lepidico (ASX:LPD) shares held.

Parkway said that it looks forward to the completion of the offer and a renewed focus on developing new technologies that will enhance processing options for lithium minerals.