Jadar forms lithium partnership with Yahua
PERTH (miningweekly.com) – Perth-based Jadar Resources has struck a memorandum of understanding (MoU) with China’s Yahua International Investment and Development Co to potentially jointly acquire and develop lithium projects.
Under the terms of the MoU, the two companies hope to reach a partnership agreement within the next six months.
The strategic partnership agreement would see Yahua take up 80-million shares in Jadar, at a price of 4.5c each, for a 10% equity stake in the company, with Jadar having to ensure that the capital investment would only be used for exploration and development of lithium assets.
The two companies would also establish a joint venture for the acquisition and development of lithium projects, with Jadar to sell all of the lithium concentrate produced from these assets to Yahua. Jadar would also be required to ensure all government approvals and licences necessary for these assets.
“I am extremely excited to progress this MoU and strategic partnership with Yahua. The electric vehicle and lithium markets have seen substantial growth over the past year as global adoption of EV technologies starts to materialise. The MoU provides a potential mechanism for both the development of our current lithium assets as well as an avenue for further growth in the portfolio through acquisition,” said Jadar executive director Adrian Paul.
The MoU will terminate on the signing of the strategic partnership agreement.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation