Lithium Australia Draws AUD 800,000 from AUD 4.5 Million Joint Development Agreement with MinRes for Pilot Lithium Plant
In a groundbreaking move, Lithium Australia (ASX:LIT) has successfully liquidated AUD 800,000 from the available AUD 4.5 million within its joint venture (JV) with the renowned Australian mining powerhouse, Mineral Resources (MinRes).
The collaboration is poised to revolutionize the lithium industry, paving the way for a cutting-edge Lithium Extraction plant. This state-of-the-art facility will harness the latest advancements in LiEna® technology, a groundbreaking innovation developed by Lithium Australia.
The strategic drawdown of AUD 800,000 signifies a significant leap forward in the construction of the pilot plant. This infusion of capital will play a pivotal role in not only advancing the construction phase but also directly contributing to the operational aspects of the plant.
