Brief: Novo Resources Corp Announces Strategic Joint Venture With Global Lithium Producer SQM
18/12/2023 15:56
Dec 18 (Reuters) - Novo Resources Corp NVO.TO :
* STRATEGIC JOINT VENTURE WITH GLOBAL LITHIUM PRODUCER SQM
* NOVO RESOURCES: SQM AUSTRALIA HAS AGREED TO A$10 MILLION
FOR A
75% INTEREST IN FIVE OF NOVO'S PROSPECTIVE LITHIUM - NICKEL
TENEMENTS
* NOVO RESOURCES CORP- UNDER UNINCORPORATED JOINT VENTURE TO
EXPLORE FOR BATTERY METALS, SQM WILL BE MANAGER
* NOVO RESOURCES- UNDER OPTION, SQM TO HAVE 12-MONTH PERIOD
TO
ELECT TO INCLUDE ADDITIONAL NOVO PILBARA TENEMENTS IN JV ON SAME
TERMS
* NOVO RESOURCES CORP- UNDER JV, NOVO RETAINS 100% OF GOLD,
SILVER, PGE, COPPER, LEAD AND ZINC MINERAL RIGHTS
Source text for Eikon: ID:nGNX5cY6Rg
Further company coverage: NVO.TO
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