Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) CEO Simon Linge speaks with Proactive soon after the company entered a joint development agreement with leading ASX-listed mining company Mineral Resources Ltd (ASX:MIN). MinRes will solely fund the development and operation of a pilot plant up to a total budgeted cost of A$4.5 million and provide raw materials for the pilot plant at no cost to Lithium Australia, with Lithium Australia to contribute its LieNA® technology. Subject to the pilot plant results, MinRes and Lithium Australia will form a 50:50 joint venture to own and commercialise the LieNA® technology through a licensing model.
Lithium Australia signs landmark deal with Mineral Resources
