So, thought about it a bit. Not the worst announcement. So here's how I see it, abs for trust who haven't looked into LIT.
Lepedico(sp) owns the process to extract lithium from mica and waste. In return for Lit helping them test it, they gave LIT exclusive rights to Western Australia, and 2 other international projects of their choosing (they chose one in Mexico, and one in Europe) for a period of 10 years. They have MOA/HOA for JV with these projects and are doing explorations, but nothing formalised yet to my knowledge. LITs market cap is currently $30m. But, Lepedico owns the process. LIT has extended it to extract lithium hydroxide, but not sure who owns that. LIT is also obviously more advanced in negotiations and preparations.
No sure why LIT didn't try and grab Lepedico, but here we are. If Lepedico cab grab some JVs (and assuming the RTO/buyout proceeds), then this should go up by a fair bit, assuming interest in lithium holds.
Or, am I missing something?
So, thought about it a bit. Not the worst announcement. So...
Add LPD (ASX) to my watchlist
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