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
