RE: Direct Lithium Extraction method12 Apr 2023 21:03
If the Bolivian pilot plant proves successful, the Second Phase is expected to lead to the execution of a licensing, extraction and exploitation agreement between JVCo and YLB (and / or third parties working with YLB) to commence the path to the commercial exploitation of one or more Bolivian lithium deposits (“Exploitation Agreement”). As an inducement to YLB to conclude the Exploitation Agreement, the Partners may agree to grant YLB (or the third parties) an equity interest in JVCo, diluting the Partners’ interests equally.