Arizona Lithium Limited (AU:AZL) has released an update.
Arizona Lithium Limited has received conditional approval for up to $21.6 million in royalty credits from the Saskatchewan Government to fund its Prairie Lithium Project, demonstrating the region’s strong support for lithium production. These credits, which reduce crown royalties during the early years of the project’s operations, are part of a strategic move to enhance the project’s funding and development. Additionally, the credits are transferable, offering an avenue for early cash flow by selling them to other royalty-paying entities in Saskatchewan.
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