RE: Li310 Nov 2022 07:29
Jenkoo,
“The claim blocks are well located and, in several instances, have already attracted interest from international lithium producers. Of particular importance is that Li3 Resources plans to list on the Toronto Stock Exchange and this brings to Zimbabwe, widened international interest and investment.
JV Agreement
Li3 Resources has agreed to invest US$250,000 into the Li3 Project for the ongoing exploration works, environmental and technical studies and any administrative expenses ("Spend"). Li3 Resources will have until the 31 December 2022 to invest the Spend in order to exercise the option to acquire the 50% interest in the Li3 Project ("Period").
In the event that Li3 Resources do not meet the required Spend within the Period, the Option will lapse.”