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Lithium Power International Ltd has announced that its joint venture company, Minera Salar Blanco S.A. (MSB), has entered into a non-binding Memorandum of Understanding (MOU) with the Japanese conglomerate Mitsui & Co. Ltd to set up a strategic alliance to advance the development of the Maricunga project.
The MOU intends to create a partnership on the project. The MOU also addresses the development of the Chilean lithium industry, by partnering to introduce other leading edge efficient and environmentally friendly technologies for processing.
The strategic alliance includes potential offtake and funding rights for the Stage 1 of the project; potential participation, offtake and funding rights for future expansions of the project, and further strategic collaboration for new developments in Chile, based on new technology related to direct lithium extraction (DLE) currently being studied and tested.
12 May 2021 (Last Updated May 12th, 2021 15:26)
MSB and Mitsui signed a memorandum of understanding (MoU) to develop the Maricunga lithium project in Chile.
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Minera Salar Blanco (MSB) has formed an alliance with Japan’s Mitsui for the development of the Maricunga lithium project in Chile.
According to the non-binding memorandum of understanding (MoU), MSB and Mitsui intend to set up an alliance that includes potential offtake and funding rights for the first stage of the Maricunga lithium project.
The strategic alliance may also include potential participation, offtake and funding rights for future expansion of the project and collaboration for new lithium projects in Chile.
Minera Salar Blanco, Agrees Strategic Alliance with Mitsui for the Development of Maricunga and Future Developments in Chile
The Alliance includes off-take, funding rights and further strategic collaboration for new lithium developments in Chile Lithium Power International Limited SYDNEY, AUSTRALIA
SYDNEY, Australia, May 11, 2021 (GLOBE NEWSWIRE) Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to announce that its joint venture company, Minera Salar Blanco S.A. (“MSB”) has entered into a non-binding Memorandum of Understanding (the “MOU”) with the Japanese conglomerate Mitsui & Co., Ltd., (“Mitsui”) to set up a strategic alliance to advance the development of the Maricunga project (the “Project”).
“Bearing” or the
“Company”) (TSX Venture: BRZ) (OTCQB:BLILF) is pleased to provide an update as announced by Minera Salar Blanco
(“MSB”).
MSB is pleased to announce that it has entered into a non-binding Memorandum of Understanding (the “MOU”) with the Japanese conglomerate Mitsui & Co., Ltd., (“Mitsui”) to set up a strategic alliance to advance the development of the Maricunga project (the “Project”).
The MOU intends to create a partnership of the Project. The MOU also addresses the development of the Chilean lithium industry, by partnering to introduce other leading edge efficient and environmentally friendly technologies for processing.
The strategic alliance includes potential off-take and funding rights for the Stage One of the Project; po