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Jindalee Resources Limited ( (AU:JLL) ) has issued an announcement.
Jindalee Lithium Limited has signed a Memorandum of Understanding (MoU) with LiChem Operations, LLC to advance LiChem’s patented refining process, which aims to produce battery-grade lithium from fine-grained sedimentary feeds. This collaboration involves Jindalee supplying ore from its McDermitt Lithium Project for ongoing test work, with the potential for a non-exclusive, royalty-bearing license for Jindalee to use LiChem’s process if it reaches commercial readiness. The LiChem process, designed as a closed-loop system using an alternative reagent, offers potential sustainability benefits and cost reductions compared to conventional methods. This partnership reflects Jindalee’s commitment to exploring technologies that could enhance the economic and sustainability outcomes of the McDermitt Project, without altering its primary development pathway.
More about Jindalee Resources Limited
Jindalee Lithium is an Australian company focused on developing the McDermitt Lithium Project, one of the largest lithium resources in the U.S. With 100% ownership and unencumbered offtake rights, Jindalee is strategically positioned to support America’s energy security and domestic supply of critical minerals. The Company recently completed a Pre-Feasibility Study (PFS) confirming McDermitt’s scale, long-life, and low-cost production potential, with strong engagement from U.S. government agencies, including the Department of Energy and Department of Defense. As a deeply undervalued lithium developer, Jindalee presents a compelling investment opportunity ahead of the next lithium market upcycle.
Average Trading Volume: 163,157
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$25.96M
See more insights into JLL stock on TipRanks’ Stock Analysis page.