Evergreen Lithium Limited entered into a Conditional Sale Agreement to acquire Lithium Technologies and Lithium Supplies Project from Cadence Minerals Plc (AIM:KDNC) and others for AUD 21.05 million on March 30, 2022. The consideration payable to shareholders of Lithium Technologies and Lithium Supplies Project will be via a mixture of cash and shares. Cadence owns 31.5% of LT and LS and would receive up to AUD 6.63 million. The acquisition of LT and LS has several conditions precedent, including the completion of due diligence and the relevant regulatory approval. The proceeds received by the Company will be used for reinvestment as per our investment strategy. James Joyce of WH Ireland Limited acted as Financial advisor to Cadence Minerals Plc.

Evergreen Lithium Limited completed the acquisition of Lithium Technologies and Lithium Supplies Project from Cadence Minerals Plc (AIM:KDNC) and others on June 27, 2022.