Dynamic Metals (ASX: $DYM) Announcement Overview

Dynamic Metals Limited (ASX: $DYM) has successfully completed a significant joint venture with Mineral Resources Limited (ASX: $MIN) on the Widgiemooltha Project, focusing on lithium exploration. As part of the agreement, Dynamic has received $4 million in cash payments from MinRes, with an additional $1 million to be paid in July 2025 in exchange for 40% of the lithium rights at Widgiemooltha. MinRes will commence exploration activities with a commitment to sole fund $15 million over 4 years to increase its stake in the joint venture to 65%.

Executive Commentary on Joint Venture

We are very pleased to announce the successful formation of the significant joint venture with MinRes on our Widgimooltha Project lithium tenements. As a leader in Australia's lithium sector, MinRes brings invaluable technical expertise to the project, and we are looking forward to their commencement of the exploration program.

Summary of Dynamic Metals (ASX: $DYM) Announcement

Dynamic Metals Limited (ASX: $DYM) has finalized a landmark lithium-focused joint venture with Mineral Resources Limited (ASX: $MIN) on the Widgiemooltha Project. The completion of this joint venture marks a significant step for Dynamic as it paves the way for substantial exploration activities in the lithium sector. With MinRes committing to sole fund $15 million over 4 years to increase its stake in the joint venture to 65%, the partnership is poised to drive meaningful progress in the exploration program. Dynamic Metals continues to focus on advancing its underexplored portfolio of minerals critical to decarbonization and the growing battery metals market, with the Widgiemooltha Project being a key area of prospectivity for lithium mineralization. The company's extensive portfolio of exploration tenure in Western Australia, along with its dedicated team and successful track record, positions Dynamic for further exploration success and potential growth in the critical minerals sector.