Medaro Mining Corp.: Medaro Enters into Joint Venture Agreement to Develop Lithium Extraction Technology
Medaro" or the "
Company") is pleased to announce, further to its news release dated May 6, 2021, that it has entered a definitive joint venture agreement (the "
JV Agreement") with Dr. James G. Blencoe, Ph.D., of Tennessee USA, and Global Lithium Extraction Technologies Inc. ("
Global Lithium"), with respect to the operation of a joint venture (the "
Joint Venture") to develop and commercialize a new, low-cost process (the "
Technology") for extracting lithium from spodumene concentrate. The Joint Venture will be operated through Global Lithium, a new corporation that was formed for this purpose. For further information respecting the Technology and Dr. Blencoe's background, please see the Company's news release dated May 6, 2021.