Armada Metals Limited (ASX:AMM) agreed to acquire Midwest Lithium Limited for approximately AUD 6 million on May 27, 2024. On completion, Midwest shareholders will hold 50% of the enlarged post capital raising, issued share capital of Armada. The transaction is subject to satisfaction of certain conditions, including execution of long form agreements and the completion of satisfactory legal, financial, tax and technical due diligence by Armada.