Zenith Minerals (ASX:ZNC) has retained Perth-based Azure Capital as corporate advisor.
The company engaged Azure to assist with its strategic review of its lithium business. This includes exploring new potential strategic investor relationships and a potential sale, including the 100% owned Split Rocks and Waratah Well lithium projects in Western Australia.
Azure has also been appointed as the company’s takeover response advisor.
Zenith Managing Director Michael Clifford says the company has received several unsolicited expressions of interest from potential strategic investors and continues to see significant corporate activity across the lithium sector.
“Now that the company has reassumed control of the assets, we will explore these opportunities further with the assistance of Azure.”
The appointment comes after Mining.com.au last week reported Zenith regained 100% control of both the Split Rocks and Waratah Well lithium projects.
Azure is an independent corporate advisory firm with a 20-year history in the metals and mining sector, including experience across the lithium value chain.
The firm has worked over the years to undertake financing and M&A transactions, in addition to undertaking strategic reviews.
Azure is also part of Natixis CIB’s affiliate network (one of Europe’s largest banks) with a presence in more than 30 countries worldwide.
Zenith is a mining exploration company focused on metals critical to the global energy transition.
Write to Adam Orlando at Mining.com.au
Images: iStock
