cover European Lithium Research Update Note July 2024

by Alison Sammes

CRML executes Shareholder Agreement with Obeikan for JV 50/50 JV to build lithium refinery in Saudi Arabia Exclusive offtake from Wolfsberg spodumene mine US$0.03-0.04 cts/kWh power costs very attractive BMW offtake agreement assigned to new JV – US$15m paid in Lithium price in bottoming process

Critical Metals Corp and the Obeikan Group have executed the Shareholders Agreement to form a joint venture with Critical Metals Corp to construct and commission a large-scale lithium hydroxide processing plant in the Kingdom of Saudi Arabia to process spodumene concentrate produced from the Wolfsberg Lithium Project located in Austria.