Lithium Australia maintains battery minerals interests with investment in Charger Metals NL
The company will retain a 30% interest in the exploration projects, free carried to the definitive feasibility study notice, and will be the major shareholder in Charger. Charger has made considerable progress towards its initial public offering (IPO) on the ASX.
Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) has progressed its joint venture agreement with Charger Metals announced in December 2020 with Charger making progress towards its initial public offering on the ASX.
The company granted Charger the option to acquire part of its Australian exploration assets in line with its strategy to offload non-core exploration plays to focus on battery supply chains.
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