Ottawa Skips Security Review of China’s Purchase of Canadian Lithium Company

Ottawa Skips Security Review of China’s Purchase of Canadian Lithium Company
Lithium batteries displayed in the workshop of a lithium battery manufacturing company in Huaibei, eastern China's Anhui Province, on Nov. 14, 2020. STR/AFP via Getty Images
Andrew Chen
Updated:
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Ottawa did not review the potential national security impacts of a Chinese state-owned company’s plan to purchase Canadian lithium company Neo Lithium Corp.

On Oct. 10, 2021, Zijin Mining Group Ltd. announced its plan to acquire all of Neo Lithium’s outstanding common shares for $960 million. Neo Lithium’s shareholders approved the arrangement with Zijin Mining at a special meeting on Dec. 10, 2021.