Our Second Bull Leg in Lithium market has officially started today with this M&A play: Talison buys Lithium Brine developer Salares Lithium. Please notice the premium:

"Based on a price of CAD$3.50 per Talison share, the terms of the proposed transaction provide Salares shareholders with a premium of approximately 98.2% (equal to CAD$1.25 per Salares share) based on the trailing 20 day volume weighted average price for Salares shares on the TSX Venture Exchange."

Chinese backing Talison are making their way into lithium brine market in Chile and are ready to pay a very high price to secure supply. Now Canadian Lithium Juniors should enjoy their moment and potential targets for J/V deals are all on one hand in the lithium brine market in Chile and Argentina.