Acquiring Company
PLS Brasil Mineração Ltda
Acquired Company
Lithium Ionic Corp
Minas Gerais
TorontoManufacturingMiningMiningDescription
Lithium Ionic Corp. has completed the sale of its Salinas lithium properties to PLS Brasil Mineração Ltda. for US$37.5 million. The transaction includes US$30 million received at closing, with an additional US$7.5 million in deferred consideration. Lithium Ionic retains a 2% royalty on future sales, maintaining shareholder exposure to potential developments.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Lithium Ionic Corp?
Lithium Ionic Corp was acquired by PLS Brasil Mineração Ltda, based in Minas Gerais. The deal was reported on August 25, 2026. PLS Brasil Mineração Ltda. is a wholly-owned subsidiary of PLS Group Limited. The company is involved in the mining and production of lithium and related resources. PLS Brasil Mineração Ltda is privately held and operates in Manufacturing.
When did PLS Brasil Mineração Ltda acquire Lithium Ionic Corp?
PLS Brasil Mineração Ltda's acquisition of Lithium Ionic Corp was reported on August 25, 2026. Lithium Ionic Corp. has completed the sale of its Salinas lithium properties to PLS Brasil Mineração Ltda. for US$37.5 million. The transaction includes US$30 million received at closing, with an additional US$7.5 million in deferred consideration. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lithium Ionic Corp do?
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. It is privately held, operating in Mining, and is based in Toronto.
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