Ann: Prospect signs MOU with Uranium One, page-2

Not very much details but it looks like Uranium One has a lot of money to spent and also a big player private comapany in Russia Uranium One. Do expect after 90 days that there will be a further extension but it looks surely profitable and knowing management they are not selling this premium lithium product for an apple and an egg

African lithium developer, Prospect Resources Ltd (ASX: PSC, FRA:5E8) (“Prospect” or “the Company” is pleased to announce that it has entered into a Memorandum of Understanding (“MOU” with Uranium One Group JSC (“Uranium One").

The purpose of the MOU is to afford Uranium One with a 90-day exclusivity period (subject to certain exceptions) to:
• complete due diligence on the Company and its Arcadia Lithium Mine; and subject to satisfactory due diligence, negotiate: • equity investment terms in Prospect or its subsidiaries; and
• off-take terms for at least 51% of the Company’s future lithium production.