Gilbert + Tobin and MinterEllison had the lead roles on the $1.3 billion joint venture deal in which Australia’s Mineral Resources Ltd. sold a 60% interest in its Wodgina Lithium Project to U.S. battery metals company Albemarle Corp.
The deal was completed just as Mineral Resources announced it had decided to pause operations at the Wodgina Project due to “challenging” lithium market conditions. Western Australia-based Wodgina is said to be one of the largest known hard rock lithium deposits in the world.
