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Xantippe Resources Limited ( (AU:XTC) ) has shared an update.
XTC Lithium Limited has signed a non-binding Letter of Intent with American Battery Materials, Inc. to potentially develop the Carachi Lithium Project in Argentina, which could see ABM acquiring up to a 50% interest in the project. This strategic move aligns with XTC’s focus on lithium development, as evidenced by its divestment of non-core assets in Western Australia and South Korea, allowing the company to concentrate resources on the Carachi Project. The company is also undergoing corporate changes and working towards reinstatement to trading.
More about Xantippe Resources Limited
Xantippe Resources Limited, operating under the name XTC Lithium Limited, is a company involved in the lithium resource development industry. Its primary focus is on the exploration and development of lithium projects, particularly within the Lithium Triangle in Argentina, a region known for its rich lithium deposits essential for electric vehicle batteries and renewable energy storage.
Technical Sentiment Signal: Buy
Current Market Cap: A$17.53M
See more data about XTC stock on TipRanks’ Stock Analysis page.