QX Resources Ltd (AU:QXR) has released an update.
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QX Resources Limited has renegotiated terms to acquire a 25% stake in the Liberty Lithium Brine Project, significantly reducing its cash option payments from US$1.7 million to US$500,000, and has secured options for two additional lithium brine projects in Nevada and Utah. This strategic move not only diversifies QXR’s portfolio but also strengthens its position in the US market amidst growing demand for lithium, essential for the battery industry. The company continues to engage with US-based producers to potentially supply lithium brine feedstock for battery-grade lithium products.
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