ALIX RESOURCES CORP (fka TSX:AIX)

[UncleTaff]

Global Operator Lithium Australia's $2.5m+ JV Contribution

To $1m mcap Alix, if full 65% taken up:

• $1.5m on project expenditure
• 2.5m LIT shares to Alix (current val $350k+)
• Cash $250k
• 1m partly paid LIT shares to Alix
• $100k private placement
• $150k warrants

Lithium Australia are also bringing their coveted processing technology to the table, with the capability of producing lithium hydroxide from micas which LIT announced last week:


“The ability to achieve these outcomes potentially adds enormous value to Lithium Australia’s Western Australian and international projects in Europe and Mexico.”


Lithium samples have already been sent to KC & A, Nevada to test for commercial viability. Since then Alix have aquired the additional Gran 2 concession, surrounded by combined $250m cap BCN/REM who have already agreed a Tesla lithium supply deal. Gran 2 is located less than 1km east of where US Borax returned samples of 1,000+ ppm Li.

LIT have demonstrated a great deal of confidence in committing to JV partnership with Alix, as the copyright agreement of their processing technology allows them only two international licences outside of Australia. The other is Cinovec in the Czech Republic, the world's 4th largest lithium resource.

Today's announcement goes a long way to significantly de-risking the Electra Project. With a market cap of just over $1m, Alix has incredible upward potential.

http://myinforms.com/en-gb/a/23445358-lithium-australia-lithium-hydroxide-production-process-confirmed/
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