Ardiden signs term sheet with Yantai Jinyuan for lithium processing facility

Ardiden Ltd executed a conditional binding term sheet with Yantai Jinyuan Mining Machinery Co., Ltd for a Build-Operate-Transfer agreement to design, build, operate and transfer a lithium concentrate processing facility at the Seymour Lake Lithium Project in Ontario, Canada. Yantai will provide 50% of project funding and facilitate a 5-year off-take agreement for up to 5,000 tonnes per annum of lithium concentrate.

“Ardiden executes a conditional binding term sheet with Yantai Jinyuan Mining Machinery Co., Ltd (Yantai) for a Build-Operate-Transfer (BOT) agreement for the construction of a lithium processing facility at its majority-owned Seymour Lake Lithium Project in Ontario, Canada.”abnnewswire.net

• 1 source
• abnnewswire.netArdiden Ltd (ASX:ADV) Term Sheet to Fund, Design and Build Lithium FacilityJun 27, 2017

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