Minera Salar Blanco, Agrees Strategic Alliance with Mitsui for the Development of Maricunga and Future Developments in Chile
The Alliance includes off-take, funding rights and further strategic collaboration for new lithium developments in Chile Lithium Power International Limited SYDNEY, AUSTRALIA
SYDNEY, Australia, May 11, 2021 (GLOBE NEWSWIRE) Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to announce that its joint venture company, Minera Salar Blanco S.A. (“MSB”) has entered into a non-binding Memorandum of Understanding (the “MOU”) with the Japanese conglomerate Mitsui & Co., Ltd., (“Mitsui”) to set up a strategic alliance to advance the development of the Maricunga project (the “Project”).
“Bearing” or the
“Company”) (TSX Venture: BRZ) (OTCQB:BLILF) is pleased to provide an update as announced by Minera Salar Blanco
(“MSB”).
MSB is pleased to announce that it has entered into a non-binding Memorandum of Understanding (the “MOU”) with the Japanese conglomerate Mitsui & Co., Ltd., (“Mitsui”) to set up a strategic alliance to advance the development of the Maricunga project (the “Project”).
The MOU intends to create a partnership of the Project. The MOU also addresses the development of the Chilean lithium industry, by partnering to introduce other leading edge efficient and environmentally friendly technologies for processing.
The strategic alliance includes potential off-take and funding rights for the Stage One of the Project; po