Industry: Metals, minerals, mining
On May 11, American Lithium Corp. completed its acquisition of all of the issued and outstanding common shares of Plateau Energy Metals Inc. by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario), resulting in Plateau becoming a wholly-owned subsidiary of American Lithium. The merger combines two of the largest lithium development projects globally and creates an Americas focused developer of energy metals.
Under the terms of the arrangement, each holder of Plateau shares is entitled to receive 0.29 of a common share and 0.145 of a common share purchase warrant of American Lithium for each Plateau share held. Each whole warrant will entitle the holder to acquire one American Lithium share at a price of $3 until May 11, 2024.
Cassels Brock & Blackwell LLP acted for American Lithium with a deal team that included
Miriam El Ofir,
Gaurav Anand (securities, M&A and mining),
Lara Jackson (litigation),
Corinne Grigoriu (tax).
Blake, Cassels & Graydon LLP acted for Plateau with a deal team composed of
Christina Huber (securities, M&A and mining),
Alex Luchenko (litigation),
Kevin Zimka (tax).