Chinese MoU for Mt Marion

CHINA’S second-largest lithium producer Jiangxi Ganfeng will take a big stake in Neometals and Mineral Resources’ jointly owned subsidiary Reed Industrial Metals under a memorandum of understanding announced today.

Chinese MoU for Mt Marion Chinese MoU for Mt Marion Chinese MoU for Mt Marion Chinese MoU for Mt Marion Chinese MoU for Mt Marion

Under the deal, Ganfeng will acquire an initial 25% share in Reed, which holds the Mt Marion lithium concentrate operation in Western Australia, by way of a share sale and equity subscription.

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