Both Electroflow and MAN have signed an agreement.Bill Gates sees big money here and a future in MAN. hence why they signed the agreement with MAN to produce Lithium Hydroxide using MANs brines from Paradox Basin. Lets face it, given MAN has $15m cash and $15m MC, MAN is setting themselves up to be a take over target in my opinion.
Lets leave it at that, if you want to chat more head to the relevent sections, i dont want to hide here.
As you can see MAN is cashed up to the max and using other companies funds to do their work, thats smart hey?
"Mandrake Resources Limited (ASX: MAN) (Mandrake or the Company) has executed a Lithium Brine Supply Agreement (LBSA) with US- based Direct Lithium Extraction (DLE) provider Electroflow Technologies, Inc. (Electroflow) which will see Mandrake supply (on a nonexclusive basis) Electroflow’s DLE pilot plant with brines from its Utah Lithium Project"
