https://www.miningweekly.com
Exploration|Projects|Resources
Exploration|Projects|Resources
exploration|projects|resources

Jadar forms lithium partnership with Yahua

2nd December 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

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.

Edited by Creamer Media Reporter

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.067 0.104s - 89pq - 2rq
Subscribe Now