The Vancouver-based miner has been entertaining a variety of bids for its metallurgical coal business since late April after an earlier restructuring plan failed.
The Australian company aims to become one of the world’s lowest cost producers of lithium hydroxide, and says it is the most strategically located to serve the North American EV supply chain.
The company says that the mineral exploration program at the heart of CORE's allegations was conducted by a joint venture, in which the company was a funding partner.