Lithium Americas and Australia’s Green Technology Metals (GT1) have teamed up to advance the development of an integrated lithium chemical supply chain in North America.
Under the strategic collaboration agreement (SCA), the companies will undertake collaborative activities, including resource sharing and development related to hard rock lithium pegmatite assessments, new techniques, opportunities, and consultations on findings.
This agreement is expected to help the firms jointly develop midstream and downstream processing strategies and routes for battery-grade lithium chemicals in North America.
The SCA follows Lithium Americas’ $10m equity investment in GT1 earlier this year.
This provides the two firms with non-exclusive rights to undertake collaborative activities.
Lithium Americas president and CEO Jonathan Evans said: “On the back of the passing of the Inflation Reduction Act (IRA) by US Congress, we are having increased engagement with potential partners and customers focused on North America.
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“Working with GT1 allows us to leverage our chemicals-focused team based in the US and GT1’s extensive experience in hard rock exploration and development.”
Furthermore, the two companies will establish a strategic management committee to discuss opportunities to jointly explore or develop, develop a strategic development framework and enable a joint development plan with a focus on Canada and the US.
The strategic management committee will have equal representation from both companies.
GT1 director Cameron Henry said: “Both GT1 and Lithium Americas have the shared objective of building the pre-eminent vertically integrated lithium business in North America.
“With the recent passing of the IRA, and the substantial domestic battery minerals sourcing requirements this imposes on car manufacturers seeking to attract consumer tax credits for their vehicles, the value of this end goal has increased further again.”