Lepidico Managing Director Joe Walsh said, “Closing of these transactions announced today will be transformative for Lepidico. They will allow it to advance its technologies and projects to be development ready, and ultimately to deliver on its strategy to fast track the business to free cash flow generation, demonstrate the commercial viability of L-Max® and LOH-MaxTM, and become a globally significant, vertically integrated lithium chemical producer. The Desert Lion transaction will provide Lepidico with a direct controlling interest in its first quality lepidolite deposit under an awarded mining license, providing a clear path to development.”
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