Alliance Mineral puts dual listing plans on hold

Singapore

ALLIANCE Mineral Assets has shelved plans to seek a dual listing as a merged entity with Tawana Resources on the Australian Securities Exchange (ASX), the mining company said in a Singapore Exchange (SGX) announcement on Wednesday. Alliance will remain listed on the SGX.

In April, Alliance and Australian-listed Tawana had proposed a merger of their companies to create a mid-tier lithium producer and simplify the ownership and operational management of the Bald Hill project in Western Australia.