Lepidico Ltd (ASX:LPD) has engaged Jefferies International Limited as the Company's exclusive financial advisor to maximize the value of the Karibib Lithium Project. The Company is considering a wide breadth of deal structures, including securing a minority equity partner or an asset sale. Potential partners being approached include entities with previous engagement with the Company and new prospective partners interested in direct involvement in upstream hard rock lithium assets, as well as organizations with specific interest in Lepidico's proprietary lithium mica process technologies. The Company has requested binding proposals for all transaction types by October 2024 and continues discussions with various government entities for funding support for the integrated Phase 1 Project.
The Company is focused on maximizing the value of the Karibib Lithium Project and is actively engaging potential partners globally. We are committed to assessing all transaction proposals based on certainty, sustainability, and their ability to maximize value for shareholders. The engagement of Jefferies International Limited as our exclusive financial advisor demonstrates our dedication to securing the best possible outcome for the Project. We are also progressing discussions with government entities for funding support, and we remain committed to providing updates on our progress as we reach material milestones.
Lepidico Ltd (ASX:LPD) has engaged Jefferies International Limited as the exclusive financial advisor for the Karibib Lithium Project, aiming to maximize its value. The Company is exploring various deal structures and potential partners globally, including those interested in its proprietary lithium mica process technologies. All transaction proposals will be assessed for their ability to maximize value for shareholders, with binding proposals requested by October 2024. Additionally, the Company continues discussions with government entities for funding support and remains committed to securing a transaction for the Phase 1 Project in the near term, with updates to be provided upon reaching material milestones. Lepidico's ambitions include contributing to the decarbonization of alkali metals supply chains and growing its business with the Phase 2 Project, as well as generating royalty revenues through licensing its patented-protected technologies.