Market News

Breaking News: Australia’s Richest Woman Makes Strategic Investment in Lithium Bid, Targeting Liontown

Australias, Bid, Breaking, Investment, Liontown, Lithium, News, Richest, Strategic, Targeting, Woman

Australia’s Richest Woman Acquires Stake in Liontown Resources


Australia’s richest woman, Gina Rinehart, has acquired a stake in lithium producer Liontown Resources Ltd., which is being targeted for a A$6.6 billion takeover by Albemarle Corp. Rinehart’s company, Hancock Prospecting Pty Ltd., has confirmed the acquisition and expressed interest in securing a board seat.

Rinehart’s Stake and Plans

  • Hancock Prospecting Pty Ltd. has acquired a 7.72% stake in Liontown Resources.
  • The company believes it can contribute to Liontown’s metal conversion and growth.
  • Hancock offers expertise and support for the development and operations of Liontown’s projects.
  • It suggests potential investment opportunities for downstream value add in West Australia.
  • Rinehart’s company wants to influence Liontown’s future direction alongside other shareholders.

Liontown’s Promising Lithium Project

Liontown Resources owns an early-stage lithium project in Australia with significant potential.

  • The project is a high-quality hard-rock lithium deposit in the development phase.
  • Liontown has secured supply agreements with major automakers like Tesla Inc. and Ford Motor Co.
  • Hancock Prospecting sees the project’s potential to operate at scale, despite some risks.

Albemarle’s Takeover Plans

Albemarle Corp., the world’s largest producer of lithium, has made a cash offer for Liontown Resources.

  • The offer price of A$3 per share has been trading intermittently above the offer price.
  • Albemarle has been granted due diligence after increasing its offer by 20%.


Gina Rinehart’s acquisition of a stake in Liontown Resources and her expressed interest in a board seat may disrupt Albemarle’s takeover plans. Liontown’s promising lithium project and supply agreements with major automakers make it a valuable asset. The situation continues to evolve as Albemarle conducts due diligence.


Leave a Comment