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ITech Minerals LTD ( (AU:ITM) ) just unveiled an update.
iTech Minerals Ltd has commenced a farm-in and lithium joint venture with SQM Australia Pty Ltd for the Reynolds Range Lithium Project. The agreement, which received consent from the Central Land Council, involves an initial payment of $2.0 million to iTech for a 30% interest in the lithium mineral rights. SQM has the option to increase its stake to 70% through staged investments and exploration milestones. This partnership allows iTech to concentrate on other mineral explorations while benefiting from SQM’s expertise in lithium exploration and development.
More about ITech Minerals LTD
iTech Minerals Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the exploration of lithium, antimony, and gold, with a significant focus on the Reynolds Range Lithium Project in the Northern Territory.
Average Trading Volume: 1,236,710
Technical Sentiment Signal: Hold
See more data about ITM stock on TipRanks’ Stock Analysis page.