Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Pilbara Minerals (PLS) receives a bid to sell 5000 dry metric tonnes (dmt) of its spodumene concentrate for US$6188/dmt (A$9169/dmt)
  • The bid came during a 30-minute auction held on the company’s digital Battery Material Exchange (BMX) platform
  • The company said it saw strong interest during the auction, with a total of 41 bids received online from a broad range of qualified buyers
  • As per the auction terms, the bidder will pay a 10 per cent deposit to enter a sales contract within 48 hours, with an irrevocable letter of credit to be provided later in the month
  • Shares in Pilbara Minerals last traded at $2.36 on July 13

Pilbara Minerals (PLS) has received a bid to sell 5000 dry metric tonnes (dmt) of its spodumene concentrate for US$6188/dmt (A$9169/dmt).

The bid came during a 30-minute auction held on the company’s digital Battery Material Exchange (BMX) platform.

The company said it saw strong interest during the auction, with a total of 41 bids received online from a broad range of qualified buyers.

Pilbara Minerals intends to accept the highest bid and will now enter a sales contract with the bidder.

As per the auction terms, the bidder will pay a 10 per cent deposit to enter a sales contract within 48 hours, with an irrevocable letter of credit to be provided later in the month.

Shares in Pilbara Minerals last traded at $2.36 on July 13.

PLS by the numbers
More From The Market Herald
Mt Monger Resources (ASX:MTM) - Managing Director, Lachlan Reynolds

" Mt Monger Resources (ASX:MTM) intersects broad REE mineralisation at Pt Kidman

Mt Monger Resources (ASX:MTM) has intersected broad rare earth element (REE) mineralisation at the Pt Kidman…

" Invex Therapeutics (ASX:IXC) receives FDA approval for third-phase Presendin clinical trial

Invex Therapeutics (ASX:IXC) has been given the tick of approval in the US for the development…
The Market Herald Video

" Parabellum Resources (ASX:PBL) eyes $3.9m for Khotgor project, Mongolia

Parabellum Resources (ASX:PBL) taps investors for $3.9 million to fund its work program in both Mongolia…
The Market Herald Video

" R3D Resources (ASX:R3D) to recommence Zeehan zinc slag/matte exports

R3D Resources (ASX:R3D) has been granted permits to recommence exports from its Zeehan zinc slag/matte project…