23 October 2025
23 October 2025
Initially, the mine will function as an open pit before transitioning to underground mining from the latter half of 2026.
The MoU outlines key terms including the proposed offtake of MREC from Pensana's Longonjo mine.
The findings indicate measured and indicated resources consisting of 0.15km³ brine volume with an average grade of 296mg of lithium.
Commencement of production at the mine has been postponed until 2028.
BMO advised on 12 deals valued at $7.3bn (C$10.24bn), securing the top position in both deal value and volume.
The MoU outlines key terms including the proposed offtake of MREC from Pensana's Longonjo mine.
The findings indicate measured and indicated resources consisting of 0.15km³ brine volume with an average grade of 296mg of lithium.
Commencement of production at the mine has been postponed until 2028.
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