Eastern Iron to develop lithium projects with Yahua

Key terms are as follows:

• Yahua and Eastern Iron to enter into a strategic partnership agreement within three months of execution of the MOU, for the establishment of a long-term strategic partnership for the supply of spodumene concentrates and the potential acquisition and development of lithium projects in Australia and in other countries, except China.
• Yahua and Eastern Iron to enter a joint venture (JV) for the acquisition and development of lithium projects in Australia and in other countries, except China. The JV will be established prior to Eastern Iron acquiring a lithium project or when the company completes an agreed amount of work on a lithium project.
• On completion of Eastern Iron’s acquisition of the Trigg Hill Lithium Tantalum project and the definition of an initial exploration target for it, the parties intend to establish a JV for the exploration and development of the project.
• Yahua will be granted a first right of refusal for product offtake from any of the JV projects including the Trigg Hill project.

Read the article online at: https://www.globalminingreview.com/finance-business/09092021/eastern-iron-to-develop-lithium-projects-with-yahua/