(via NewsDirect)
The company has signed a Heads of Agreement with a prominent developer specializing in battery-grade lithium sourced from aquifers using direct lithium extraction technology. This significant milestone represents a crucial step towards finalizing a definitive agreement that will involve the utilization of on-site forward osmosis equipment through a lease-to-own model.
Honeyman explained to Proactive that the Heads of Agreement outlines specific commercial terms aimed at achieving mutual growth and success in the sustainable aquifer-based lithium sector. The proposed lease-to-own model offers an innovative solution that addresses water reusability, fosters long-term sustainability, and creates value for all stakeholders involved.
The next steps involve comprehensive discussions and conducting due diligence to shape the forthcoming definitive agreement. Through this collaboration,
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