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The Canadian company Alpha Lithium refused to complete the deal to sell a stake in a lithium project in Argentina to Uranium One Holding (an enterprise of Rosatom), the press service of Alpha Lithium reports.
The decision was made in light of the “recent issues that have arisen with Uranium One,” the statement said. However, the company adds that it is not aware of any sanctions currently in place against Uranium One, its subsidiaries, affiliates, or its executives, and that the decision is being made “responsibly and in the best interests of shareholders.”
At the end of last year, Uranium One Holding, a member of Rosatom, agreed with Alpha Lithium to establish a joint venture to develop the Tolillar Salar lithium project in Argentina. It was planned that Uranium One would receive a 15% stake in the new joint venture, which was to be called Alpha One Lithium, for $30 million.
On February 24, Russian President Vladimir Putin made an emergency appeal to the Russians and announced a special military operation in the Donbass. In response to Russia’s actions, Western countries announced new, tougher sanctions against the Russian Federation, including those of a financial and economic nature.
You can follow the chronicle of events in connection with the situation in Ukraine here.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
