(via NewsDirect)

Lithium Energy Ltd (ASX:LEL) chairman William Johnson tells Proactive the company has signed a binding Framework Agreement with Xi’an Lanshen New Material Technology Co. Ltd that paves the way for a demonstration plant capable of producing up to 3,000 tonnes per annum of battery-grade lithium carbonate. Lanshen will fund the cost of the engineering and design, construction, transportation, assembly, commissioning and initial operation of the plant to be built at LEL’s 90%-owned Solaroz Lithium Brine Project in Argentina.

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Proactive Investors

Jonathan Jackson

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jonathan@proactiveinvestors.com

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