Azure Minerals suspension from quotation announcement

Azure Minerals Limited (ASX: $AZS) has announced the suspension of its securities from quotation at the close of trading on Thursday, 2 May 2024. This action follows the lodgement of the Supreme Court of Western Australia orders with ASIC, approving the scheme of arrangement for the acquisition of all issued shares in AZS by SH Mining Pty Ltd, a bid vehicle jointly owned by Sociedad Química y Minera de Chile S.A. (through its subsidiary SQM Australia Pty Ltd) and Hancock Prospecting Pty Ltd (through its subsidiary Hanrine Future Metals Pty Ltd).

Executive Commentary on Azure Minerals suspension

The company is committed to working closely with the acquiring parties to ensure a smooth transition for all stakeholders. We believe that this acquisition will provide significant opportunities for the future growth and development of the company, leveraging the expertise and resources of the acquiring entities.

Summary of Azure Minerals suspension from quotation

Azure Minerals Limited (ASX: $AZS) has announced the suspension of its securities from quotation following the approval of the acquisition scheme by SH Mining Pty Ltd, jointly owned by Sociedad Química y Minera de Chile S.A. and Hancock Prospecting Pty Ltd. The company aims to work collaboratively with the acquiring parties to facilitate a seamless transition. This development is expected to open up new avenues for growth and advancement, capitalizing on the capabilities and assets of the acquiring entities. The outlook for Azure Minerals involves a strategic alignment with the acquiring entities to drive future progress and success.