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Scorpion Minerals Limited ( (AU:SCN) ) has issued an update.
Scorpion Minerals Limited has entered a strategic Memorandum of Understanding (MOU) with GreatPower Nickel and Cobalt Materials to advance its lithium business in Western Australia. The agreement involves GreatPower providing USD10 million in staged funding to help Scorpion establish and develop a lithium asset, with GreatPower receiving significant offtake rights. This partnership highlights Scorpion’s expertise in lithium project development and positions the company to capitalize on the growing demand for lithium, while also exploring new project opportunities.
More about Scorpion Minerals Limited
Scorpion Minerals Limited is a company involved in the acquisition, exploration, and development of lithium projects, alongside gold exploration activities in Western Australia. The company is focused on advancing its lithium opportunities in response to rising demand in the industry.
Average Trading Volume: 1,370,895
Technical Sentiment Signal: Sell
Current Market Cap: A$12.06M
For detailed information about SCN stock, go to TipRanks’ Stock Analysis page.