Tempest Minerals to demerge WA lithium assets


  • 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.

Read the full Kalkine Media article

Read our full announcement and hear Tempest Minerals, MD, Don Smith give a short video overview of what this means for TEM investors at the TEM interactive investor hub.