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MinRes wades into heavyweight battle over lithium target Azure

Elouise Fowler and Brad Thompson
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Billionaire Chris Ellison has muscled his way into a brewing takeover battle over lithium play Azure Minerals that already involves New York-listed SQM and mining titan Gina Rinehart.

Ellison-led Mineral Resources declared a 12.29 per cent stake in Azure late on Friday after forking out more than $78.5 million in acquiring shares at an average price of $3.95.

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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    Original URL: https://www.afr.com/companies/mining/lithium-bidding-war-delivers-bonanza-for-azure-directors-20231103-p5ehe9