Crusader Resources (ASX:CAS) has signed a joint-venture Shareholders Agreement and finalised the terms of associated documentation with Lepidico Ltd. The new company, to be known as Third Element Metals, is aiming to become a producer of the third element in the periodic table, namely lithium, with an immediate focus on Brazil.
European Metals Holdings Ltd
Crusader's Managing Director Rob Smakman commented, "Crusader remains focused on its gold and iron assets, specifically the development of the Juruena Gold project. The MOU provides the opportunity to partner with Lepidico's technical team, access their patented L-Max technology and allow the Manga lithium project to be advanced through a joint venture structure.