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ITech Minerals LTD ( (AU:ITM) ) has issued an update.
iTech Minerals Ltd has entered a binding Memorandum of Understanding with Sociedad Química y Minera de Chile (SQM) to develop the Reynolds Range Lithium Project in the Northern Territory. This partnership allows SQM to earn up to 70% interest in the lithium rights through staged investments and exploration, potentially enhancing iTech’s position in the lithium market and impacting its operations positively. The project not only promises significant lithium exploration but has also shown promising results in gold, silver, and antimony mineralization, suggesting a transition to an epithermal mineralization style, which could further bolster iTech’s standing in the mining sector.
More about ITech Minerals LTD
iTech Minerals Ltd operates in the mining industry, focusing on exploration and development of mineral resources. The company’s primary market focus includes lithium, copper, and gold, with a recent emphasis on lithium through its Reynolds Range Lithium Project.
YTD Price Performance: 3.64%
Average Trading Volume: 296,198
Technical Sentiment Consensus Rating: Buy
See more data about ITM stock on TipRanks’ Stock Analysis page.
