Highlights
- Tempest Minerals (ASX:TEM) has announced to demerge its 100% owned lithium projects into new IPO.
- TEM subsidiary West Resource Ventures will acquire rights to the Smith Creek lithium brine project in Nevada, USA.
- The company aims pre-IPO capital raising by WRV issuing up to 10% pre-IPO capital to potential investors.
Australia-based mineral exploration company Tempest Minerals Limited (ASX:TEM) company announced that its wholly owned subsidiary, West Resource Ventures Pty Ltd (WRV) is gearing up for a new initial public offering (IPO).
West Resource Ventures, the holder of several lithium tenements in Western Australia, will now be renamed as Electra Minerals Ltd.
