European Lithium Joint Venture Appoints Engineering Firm for Design Work on Saudi Arabia Lithium Refinery, Shares Jump 8%

MT Newswires Live04-30 12:40

European Lithium's (ASX:EUR) joint venture with Obeikan Investment Group appointed Hatch, an engineering firm, to begin design work on a lithium refinery in Saudi Arabia, which is expected to produce up to 20,000 metric tonnes of battery-grade lithium hydroxide, according to a Thursday Australian bourse filing.

Further infill drilling at the Upper Fjord and Hill deposits, part of the Tanbreez project, as well as reconnaissance and associated geotechnical work, are proposed, subject to final Greenland regulatory approvals.

Exploration crews were mobilized at its Northern License Area Irish lithium projects, with geochemical, rock chip, and channel sampling programs underway.

Its shares advanced 8% in recent trading on Thursday.

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