OTCPK:LMMFF - Post by User
Post by
Cadilacon Oct 20, 2016 10:26am
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Post# 25365435
New partnership
New partnership
LITHIUM AUSTRALIA PARTNERS WITH LITHIUM EXPLORER METALSTECH AHEAD OF IPO
HIGHLIGHTS
- Partnership with MetalsTech provides LIT with significant equity and technology leverage across six highly prospective hard rock lithium projects in Quebec
- LIT shareholders rewarded with a $1 million priority offer in MetalsTech IPO
- Lucrative licencing structure for LIT’s disruptive lithium processing technologies
Australia lithium technologist, Lithium Australia NL (ASX: LIT) has signed a Strategic Partnership Agreement with dedicated lithium explorer MetalsTech Limited (MetalsTech or MTC) which is developing a number of lithium projects in Quebec, Canada.
MetalsTech recently acquired LiGeneration Limited (LiGen), in which LIT was an early seed shareholder (refer to LIT announcement dated 19 August 2016) and the Strategic Partnership Agreement supersedes the previously announced LiGen transaction.