Si6 Metals strengthens joint venture terms with Foxfire Metals

Si6 Metals Limited (Si6) has announced the amendment of its Joint Venture (JV) terms with Foxfire Metals Pty Ltd (Foxfire) to increase its interest in any future Brazil projects acquired to 70%. This amendment strengthens the partnership and commitment to explore opportunities to expand the Brazil critical metals exploration portfolio.

Managing Director's Commentary on Amended JV Terms

We are pleased to both improve our JV terms on future projects and strengthen our relationship with Foxfire as we jointly seek to align our shareholders' interest to achieve the most rewarding outcome for both partners. Our joint plan is to grow our presence in Brazil by expanding the current exploration portfolio and capitalising on Foxfire's expertise and in-country knowledge to identify opportunities that usually require significant time and capital to achieve in Brazil. The amended JV terms strengthen our position in Brazil where we are currently exploring for REE at REE-rich Poços de Caldas as well as lithium and REE in the Lithium Valley.

Summary of Si6 Metals' Amended JV Agreement

Si6 Metals (ASX: $SI6) has revised its Joint Venture (JV) terms with Foxfire Metals Pty Ltd, increasing its interest in any future Brazil projects acquired to 70%. The amended terms also include a commitment to explore opportunities to expand the Brazil critical metals exploration portfolio. The company continues to aggressively explore rare earth elements and lithium projects, with three drill programs currently in progress. Si6's ambitions include growing its presence in Brazil, leveraging the expertise of its partners, and strengthening its position in the exploration of critical metals. The outlook remains focused on expanding the current exploration portfolio and capitalising on in-country knowledge to identify rewarding opportunities in Brazil.