Metalicity raises A$3m to advance lithium strategy

June 6, 2016

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ASX-listed explorer Metalicity has raised A$3-million from members of the China Battery Association for its lithium exploration and business development strategy.

The company reported on Monday that it had entered into a nonbinding memorandum of understanding with China New United Shanghai Metal Resources to jointly fund, develop and acquire lithium projects, and for an offtake of between 100 000 t/y and 150 000 t/y.

Category: General