Brief: Lithium & Boron Entered Into Agreement With Xi'an Jinzang Membrane Environmental Protection Technology

Lithium & Boron Technology

03/04/2020 20:13

April 3 (Reuters) - Lithium & Boron Technology Inc
 LBTI.PK :
    * LITHIUM & BORON - ON MARCH 27, UNIT ENTERED INTO AN
INVESTMENT
COOPERATION AGREEMENT WITH XI'AN JINZANG MEMBRANE ENVIRONMENTAL
PROTECTION TECHNOLOGY
    * LITHIUM & BORON TECHNOLOGY INC - PARTIES WILL FORM A JOINT
VENTURE COMPANY TO PROCESS BRINE SUPPLIED BY QINGHAI
    * LITHIUM & BORON TECHNOLOGY INC - QINGHAI WILL OWN 51% OF
JOINT
VENTURE AND XI' JINZANG WILL OWN REMAINING 49%
    * LITHIUM & BORON TECHNOLOGY - JV WILL REQUIRE ADDITIONAL
FUNDING
OF ABOUT $340 MILLION TO REACH FULL PRODUCTION CAPACITY


Further company coverage:  LBTI.PK 

 ((Reuters.Briefs@thomsonreuters.com;))