FinTechFunding

Arizona Lithium: Enters strategic alliance with NTEC for Big Sandy

Arizona Lithium Enters strategic alliance with NTEC for Big Sandy

  • Arizona Lithium (AZL) enters a strategic alliance terms sheet with Navajo Transitional Energy Company (NTEC)
  • The sheet outlines how NTEC will manage the development of AZL’s Big Sandy project in Arizona, from permitting requirements through to a definitive feasibility study and mine construction
  • AZL Managing Director Paul Lloyd says the agreement with NTEC represents a “monumental breakthrough” in the sustainable development of Big Sandy
  • The companies aim to reach a final definitive agreement whereby NTEC will become an AZL shareholder, subject to it meeting certain mining development milestones at Big Sandy
  • AZL shares are up 4.23 per cent to trade at 7.4 cents at 1:10 pm AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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