Neometals secures Ganfeng offtake for Mt Marion lithium
Published: Thursday, 16 July 2015
Lithium explorer Neometals and Mineral Resources have negotiated a deal whereby Ganfeng will take 100% of the spodumene produced from the Mt Marion mine in Western Australia, as well as taking a 25% shareholding in Reed Industrial Minerals.
Australian exploration company Neometals
Ltd has announced that its subsidiary, Reed Industrial Minerals
Pty (RIM), which it holds with Mineral Resources Ltd, has
signed an offtake and equity investment deal with
China’s second largest lithium producer, Jianxi
Ganfeng Lithium Co. Ltd.
The conditional memorandum of understanding (MoU) between