Introduction to Lightning Minerals MOU

Lightning Minerals (ASX:L1M) has executed a Non-Binding Memorandum of Understanding (MOU) with Invest Minas, comprising the Minas Gerais State Economic Development Department and the Minas Gerais Integrated Development Institute. This agreement aims to accelerate the development of Lightning Minerals' lithium projects in Minas Gerais, Brazil, which include the Caraíbas, Sidrônio, and Esperança sites.

Summary and Outlook on New Partnership

Lightning Minerals has signed an MOU with Invest Minas to foster the development of its lithium projects in Minas Gerais, Brazil. This partnership is strategically significant, highlighting Minas Gerais as a prime location for lithium exploration due to its abundant deposits and favorable government policies. Lightning Minerals is committed to using local talent and resources, promoting economic development and sustainability in the region. The MOU, valid for three years, is set to enhance the battery materials sector, supporting the global energy transition. This collaboration represents a major step towards achieving Lightning Minerals' goals of advancing its lithium projects and contributing to the local and global energy landscape.

Executive Commentary on Strategic MOU

The supportive environment in Minas Gerais makes it an ideal location to conduct business and develop our lithium projects,' stated Alex Biggs, Managing Director of Lightning Minerals. Fernando Passalio, Secretary of State for Economic Development of Minas Gerais, added, 'This collaboration has the potential to drive local economic growth, create jobs, and improve living conditions through new income opportunities.