ASX-listed Caeneus Minerals has ventured into lithium territory with the signing of a binding heads of agreement (HoA) with privately held Nevada Metals.
Under the HoA, Caeneus would acquire all of the issued shares of Nevada Metals, which owns the Muddy Mountain and Lida Valley lithium projects, in the Western US state of Nevada, which plays host to the $5-billion Tesla Motors Gigafactory, currently under construction.
