Strategic Collaboration Agreement (SCA) executed with major North American lithium industry participant and GT1 substantial shareholder, Lithium Americas Corp. (TSX/NYSE:LAC).
Builds upon previously established collaboration framework in relation to assessment of a strategically located, integrated lithium chemicals business in North America.
Provides non-exclusive rights to undertake collaborative activities between the two parties.
Establishes a Strategic Management Committee for further evaluation of joint exploration and development opportunities.
Significant further step towards GT1 building the pre-eminent vertically integrated lithium business in Ontario and North America.
“GT1 understands the value of people and expertise - it was a cornerstone on which the business was founded. As such, we are very pleased to have taken this further step with LAC. When we welcomed LAC on to our register via a US$10M strategic placement in April we were of the strong view that our businesses held highly complementary skillsets. GT1, and its key project partners, possess extensive lithium exploration, mining, and upstream and downstream processing expertise. The LAC team holds deep downstream lithium chemical conversion capability and understanding, as ably demonstrated at their Lithium Technical Development Centre in Reno, Nevada – which we had the privilege of visiting a few months ago..."
GT1 Non-Executive Director