21
Oct
16:44
LITHIUM: AVZ Minerals, CATH progress deal at Manono
Australia’s AVZ Minerals has confirmed its deal with Suzhou Cath Energy Technologies (CATH) is progressing well, with the Chinese firm paying a break fee of $20 million, Kallanish reports.
The initial payment is a penalty guarantee in case CATH breaks the agreement to acquire a 24% stake in the Manono lithium project in the Democratic Republic of the Congo (DRC). CATH is jointly owned by battery giant CATL and the individual Pei Zhenhua, an indirect shareho…
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