Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company.
Eramet Mining News
"Our priority is to develop our existing lithium deposit in Argentina. But we are also looking for other deposits in Chile, Argentina and Brazil,"- Eramet Chief Executive Officer Christel Bories
ERAMET said it would pay A$322 million for the shares it did not already own in the company.
The Deputy Secretary for Sustainable Mining is scheduled to meet with executives from Australia's largest mining companies and banks.
ERAMET said the offer would enable the full consolidation of the TiZir joint venture.