The new Australian Lithium Alliance is a joint venture between Zenith, a mineral mining and exploration company, and EV Metals Group.
, Zenith CEO Michael Clifford said that it also includes a nonexclusive right to bring in additional projects exploring lithium and EV metals to the joint venture by either party.
“The arrangement goes much deeper than just the joint venture on these two existing Zenith projects, Split Rocks and Waratah Well, with the parties also agreeing to jointly assess new lithium/ EV-metal opportunities throughout Australia where commercially appropriate to do so,” Clifford said. “The new joint venture arrangement plays to the project generation strengths of the Zenith team, matching this up with the very strong commercial and engineering capability of the EVM group. The arrangement puts Zenith in a unique position to build a significant lithium business in conjunction with EVM.”
“The [alliance] is a strategic global initiative to secure the upstream integration of supply chains for critical raw materials required to fast track the development of the BCC in [Saudi Arabia],” EV Metals chairman Abdulla Busfar
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