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iTech Minerals Ltd is pleased to announce that it has formally commenced its farm-in and lithium joint venture in respect of the Reynolds Range Lithium Project in the Northern Territory (“Project”) with SQM Australia Pty Ltd, which is part of the International Lithium division of SQM.
HIGHLIGHTS
- The final condition precedent to the transaction with SQM at Reynolds Range has been satisfied with the Central Land Council (CLC) having provided its consent to the transaction
- Satisfaction of the condition triggers the payment of $2.0 million to iTech for an initial 30% interest in the lithium mineral rights to EL33881, EL23655, EL23888 and EL28083, and formation of lithium joint venture
- The payment will boost iTech’s cash balance to $5.0 million
- SQM has the option to acquire up to 70% of the lithium mineral rights through a series of staged earn ins
With SQM initially funding and managing all aspects of lithium exploration and development, iTech can focus its resources on exploration of the antimony and gold potential of the Reynolds Range tenement package of which it retains 100% ownership.
iTech looks forward to a valuable and productive working relationship with SQM as we explore this exciting new region side by side.
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WATCH: In this Exploration Update, MD Mike Schwarz discusses the reasons why iTech has entered into the partnership with SQM. (5min)
RECENT NEWS FROM THE REYNOLDS RANGE PROJECT
Commencement of Farm-In & Lithium Joint Venture With SQM at Reynolds Range
September 17, 2025
Investor Presentation: Antimony & Gold Exploration (September 2025)
September 8, 2025
iTech Launches Share Purchase Plan (2025)
September 5, 2025
Successful Placement To Raise $2 Million & Proposed SPP
September 1, 2025