Pan Asia Metals enters deal to evaluate lithium conversion facility in Vietnam (updated)

Flagship Minerals

19/05/2023 01:27

(Adds details on the agreement)
       May 19 (Reuters) - Australian lithium miner Pan Asia
Metals  PAM.AX  said on Friday it had entered into a non-binding
memorandum of understanding (MoU) with VinES Energy Solutions
Joint Stock Company, a provider of energy solutions in Vietnam.
    The agreement, signed for an initial 36-month period, is for
the evaluation of a standalone lithium conversion facility
located close to VinES battery plant in Vietnam.
    The evaluation will consider an initial annual capacity of
20,000 to 25,000 tonnes per annum of lithium carbonate and
lithium hydroxide, Pan Asia Metals said in a statement.
    One of Pan Asia Metals' key responsibilities under the
agreement will be to secure additional lithium concessions and
lithium oxide concentrate supply agreements for supplying
feedstock to the lithium facility, it added. 
        
  

 (Reporting by Riya Sharma nd Himanshi Akhand in Bengaluru;
editing by Uttaresh Venkateshwaran;)
 ((Riya.Sharma@thomsonreuters.com;))