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Neo Lithium reveals C$8.5 million investment by CATL to advance its Argentina-based lithium project

Neo Lithium Corp.(TSXV: NLC) (OTCQX: NTTHF) CEO Waldo Perez tells Proactive that Chinese battery manufacturer Contemporary Amperex Technology (SZSE: 300750) has agreed to invest C$8.5 million into the group, representing an 8% equity stake in Neo Lithium. Perez says the financing gets the lithium explorer one step closer to the development and construction of the company's Tres Quebradas Lithium Project in Argentina. Perez says together with the technical assistance of CATL, the group will work to finish its Definitive Feasibility Study.

Quick facts: Neo Lithium Corp

Price: 0.75 CAD

Market: TSX-V
Market Cap: $88.13 m

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Neo Lithium Corp has shortlist of potential partners for its 3Q project

Neo Lithium Corp's (CVE:NLC) (OTCMKTS:NTTHF) Waldo Perez sat down with Proactive's Andrew Scott while at PDAC 2020. He says they're looking over a number of proposals regarding a partner for its Tres Quebradas lithium project (3Q project) in Catamarca Province, Argentina.

on 3/3/20

2 min read