New Age Metals agrees to Joint Venture agreement with Australian Lithium Producer Mineral Resources

New Age Metals CEO Harry Barr joined Steve Darling from Proactive to share news the company has signed a farm-in/ joint venture agreement with Australian lithium and iron ore producer, Mineral Resources from Australia.
Barr telling Proactive, Mineral Resources could earn up to a 75% interest in the company’s Manitoba lithium division. Mineral Resources can pick up an initial 51% interest by completing 4 million dollars of exploration and development activities and 400,000 dollars in cash payments within 42 months from the Effective Date.

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