Atlas drawn into MinRes lithium push
Atlas Iron has been dragged into the legal disputes surrounding Mineral Resources’ push to establish a foothold in the emerging Pilbara lithium sector.
Global Advanced Metals is selling the Wodgina tantalum and lithium project to MinRes for an undisclosed sum.
Atlas has been mining iron ore on the same Wodgina tenements since 2010, after acquiring the iron ore rights on the ground in a company-making deal in 2008.
GAM took Atlas Iron to the Supreme Court last week in a bid to hurry up the close of the MinRes deal.
Lawyers for GAM told the Supreme Court Atlas’ consent to the reassignment of its agreements over infrastructure and iron ore was needed for the sale to close.
They asked the court for help in setting a firm timetable for the iron ore miner to sign off on the agreement.
Lawyers for Atlas told the court they saw no need for a courtimposed timetable on the matter, given the company had intended to consent to the deal and believed the remaining matters could be thrashed out through negotiation.
Justice Paul Tottle declined to issue specific orders, but asked the parties to consider formal mediation to solve their differences.