- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Mineweb reports that partners in the Mount Marion lithium project in Western Australia, Reed Resources Ltd (ASX:RDR; OTC:RDRUY), and Mineral Resources Ltd (MRL) will combine their equities into a company which they say will streamline the downstream processing.
Mineweb reports that partners in the Mount Marion lithium project in Western Australia, Reed Resources Ltd (ASX:RDR; OTC:RDRUY), and Mineral Resources Ltd (MRL) will combine their equities into a company which they say will streamline the downstream processing.
The market news is quoted as saying:
The existing arrangement committed MRL to build, own and operate processing facilities, fund all development costs and operate the project, to earn 40% of the profits. The revised agreement would see MRL will continue to fund and operate the project, with the profit right converted into an equity interest equivalent to 30% of the issued and allotted share capital in RIM.
This, Reed Resources chief executive Chris Reed said, will achieve greater alignment of interests for the downstream processing of spodumene to battery grade lithium carbonate.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â