Mining Capital's Alastair Ford gives his view on the deal struck up between IronRidge Resources Ltd's (LON:IRR) and Piedmont Lithium Inc., a Nasdaq-listed lithium exploration and development company, who will fully fund and fast track the Ewoyaa lithium project in Ghana for US$102mln.
Under the agreement, Piedmont can earn 50% of IronRidge's Cape Coast Lithium Portfolio (CCLP), which includes the Ewoyaa project, in three stages.
Ford says 'the supply and demand for Lithium is looking increasingly favourable, it's a beautiful position to be in'.