Lithium hopeful Zenith Minerals has struck a deal with privately held Bradda head to jointly unlock the potential of its US and Mexican lithium projects.
Under the terms of the transaction, Bradda will refund Zenith some A$660 000 in expenditure on the project sites, and will fund $5-million in exploration spend over three years to earn a 55% project interest, a one-off right for Zenith to contribute at 45%, or be free carried at 30% to the end of project feasibility studies on the two projects.
