Lithium firms merge

Pacific Lithium is merging with US firm Lithium Technology Corporation with a planned IPO set for September.

The unlisted New Zealand public company is a large supplier of high-quality lithium carbonate to Japanese markets.

The Auckland-based company claims to have about 20% world carbonate market share but hopes to boost that to 25% this year and has plans to expand its lithium carbonate plant to meet growing demand.

Pacific Lithium, which has more than 700 shareholders, has approved a $2 million-capital expenditure programme to get the US company's Pennsylvania head office in Plymouth up to speed on its commercial production by the end of the year. Lithium Technology is commercialising high-performance rechargable batteries.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 29 September 2026
HGH publishes Annual Report, Climate Statement, AGM date
HLG Full Year Results for the period ending 1 August 2026
SKC - Issue of LTI Restricted Share Rights
NZX - BNP Paribas accredited as NZX Participant
September 29th Morning Report
GEN - GENERAL CAPITAL (NZX: GEN)
AFT - Maxigesic IV Licensed for Japan
BIT - Net Asset Values as at 24 September 2026
TEM - Transaction in Own Shares