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Proactive Investors China - The web's leading portal for China stocks - European Lithium set to boost Austrian lithium endowment through Jadar collaboration


2021-05-11
by Proactive Australia
European Lithium Ltd (ASX:EUR)(FRA:PF8)(VIE:ELI) is set to add to its strategic lithium endowment in the heart of Europe after entering a Collaboration Agreement with Jadar Resources Ltd (ASX:JDR)(FRA:R1E) on its Austrian tenements.
This agreement sees EUR acquire a 20% interest in Jadar's Austrian lithium assets - the Weinebene and Eastern Alps projects - from their JV partner.
These projects are adjacent to EUR's Wolfsberg Lithium Project and the new arrangement creates optionality and potential synergistic development and production scenarios for both parties.
It will also enhance the capacity of the new partners to better serve Europe's desire for self-sufficiency as it builds a cleaner and greener continent through electric vehicles and energy storage.

Related Keywords

Austria , Austrian , Tony Sage , European Lithium Ltd , Jadar Resources Ltd , European Lithium , Lithium Ltd , Collaboration Agreement , Eastern Alps , Lithium Project , Wolfsburg Lithium , ஆஸ்ட்ரியா , ஆஸ்திரேலிய , டோனி முனிவர் , ஐரோப்பிய லித்தியம் லிமிடெட் , ஜாதர் வளங்கள் லிமிடெட் , ஐரோப்பிய லித்தியம் , லித்தியம் லிமிடெட் , கிழக்கு ஆல்ப்ஸ் , லித்தியம் ப்ராஜெக்ட் ,

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