# 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.

- Type: Contract
- Announced: 2017-06-28
- Where: Seymour Lake, Ontario, Canada, Canada
- Status: announced
- Capacity: up to 5,000 tonnes per annum of lithium concentrate
- Products: lithium concentrate
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Ardiden](https://endata.com/companies/25200.md)
- [Yantai Jinyuan Mining Machinery](https://endata.com/companies/25201.md) (partner)

## Sources

- [abnnewswire.net](https://www.abnnewswire.net/press/en/88897/Ardiden-Ltd-(ASX-ADV)-Term-Sheet-to-Fund-Design-and-Build-Lithium-Facility.html), 2017-06-27: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.