Lithium Energy (HK) Technology is closing in on an agreement that may allow it to secure up to $20 million in additional funding. As quoted in the press release, company president and CEO Henry Chan stated: It has certainly been a much shorter process than we expected, but with the sky high lithium prices and …

It has certainly been a much shorter process than we expected, but with the sky high lithium prices and global demand for a new type of battery solution, our technology makes a compelling case and the group recognized the implications and applications our battery technology provides. It goes without saying that we are extremely pleased to add another forward thinking partner to our equity investors and we look forward to making a the negotiations public in the coming weeks, perhaps even days.