Wuxi Baichuan Chemical Industrial acquires 10% of MetalsTech Limited

Wuxi Baichuan Chemical Industrial Co. Ltd (“BCC”) enters into an agreement to acquire 10% of the issued and outstanding common shares of MetalsTech Limited (ASX: MTC). BCC is listed on the Shenzhen Stock Exchange (SHE: 002455) and specializes in the production of hi-tech fine chemicals. BCC has a market capitalization of approximately 5.5 billion CNY. MetalsTech is a hard rock lithium and cobalt exploration company with a portfolio of assets in Quebec and Ontario, Canada. Fasken acted as Canadian counsel to BCC. Fasken advised BCC with a team that included Michael Boehm, Lei Huang, Janet Howard, Frank Mariage, Michael Bourassa and Laura Konkel.