Lepidico Hires Jefferies to Sell, Find Equity Partner at Namibian Lithium Project

MT Newswires Live09-02

Lepidico (ASX:LPD) has hired Jefferies International as financial adviser for the potential sale or for searching an equity partner for its Karibib lithium project in Namibia, according to a Monday filing to the Australian bourse.

A wide breadth of deal structures may be considered. Potential partners include those the company has engaged with before and new partners interested in hard rock lithium assets, the filing stated.

The outreach is global and includes private corporations, state-owned enterprises, investment funds and private equity, with a potential binding proposal targeted for October, according to the filing.

Lepidico continues to discuss with various government entities for support of its Phase 1 project, the filing stated.

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