ASX-listed lithium project developer Prospect Resources has appointed independent investment bank Renaissance Capital as its financial and merger and acquisition adviser for the proposed sale of its 87%-owned Arcadia lithium mine, in Zimbabwe, to Uranium One.
Prospect and Uranium One in December 2019 signed a memorandum of understanding, giving Uranium One a 90-day exclusivity period to complete due diligence on Prospect and the Arcadia mine.