Lepidico has appointed Jefferies International as its financial counsel to guide the process of optimising the value of its Karibib lithium project in Namibia.
The Australian-listed firm is currently evaluating a variety of strategic alternatives, such as the acquisition of a minority equity partner, the disposition of the asset, or the pursuit of other prospective transactions that are consistent with its objectives.
Globally, Lepidico is engaging with both existing and future partners, such as private corporations, state-owned enterprises, investment funds, and private equity firms.
The certainty, sustainability, and overall value to shareholders of offers from possible partners will be assessed, with binding proposals being required by October.
Lepidico is in discussions with a variety of countries to get funding for its Phase 1 project, which is integrated.
The company intends to quickly obtain one or more deals for the project.
Phase 1 of the project involves the production and transportation of lepidolite concentrate from Namibia to a chemical conversion plant in Abu Dhabi.
With a concentrate capacity of 6.9 t/h, the conversion facility is capable of producing up to 5,700 t/y of lithium hydroxide.
It is anticipated that Phase 1 will produce between 4,000 and 5,000 t/y of nominal battery-grade lithium product, as well as a variety of high-value and bulk by-products.
Mathew Nyaungwa, Editor in Chief, Rough&Polished
