BRIEF-Lithium X enters into JV for Sal de Los Angeles deposit

Thu May 12, 2016 8:36am EDT
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May 12 (Reuters) - Lithium X Energy Corp -

* 50% owned unit entered JV agreement with Salta Exploraciones SA for development of pilot lithium production facility at project

* Under JV,to earn 50% stake in JV co, SESA must contribute estimated $6 million/required amount for operation of ponding facility

* Plasa shall contribute $3.3 million for a 30% contributing participation in JV company and right to commercialize lithium products

* Lithium X enters into pilot production joint venture agreement for the Sal de Los Angeles deposit with Salta Exploraciones S.A. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)