Xantippe Resources Limited ( (AU:XTC) ) has issued an announcement.
XTC Lithium Limited has entered into a non-binding Letter of Intent with American Battery Materials, Inc. to develop the Carachi Lithium Project in Argentina’s Catamarca Province. This partnership allows ABM to acquire up to a 50% interest in the project, which is strategically located in a region renowned for lithium resources. The collaboration aims to meet the increasing global demand for lithium driven by the clean energy sector’s expansion. The agreement underscores both companies’ commitment to sustainable resource development and positions them to capitalize on the growing lithium market.
More about Xantippe Resources Limited
Xantippe Resources Limited, operating through its subsidiary XTC Lithium Limited, is involved in the lithium industry, focusing on the exploration and development of lithium resources. The company is engaged in projects within Argentina’s Lithium Triangle, 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
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