Lithium Australia (ASX:LIT, OTC:LMMFF) has signed a Memorandum of Understanding (MoU) with First Phosphate Corp. (CSE:PHOS) about the potential development of a lithium iron phosphate (LFP) and lithium iron manganese phosphate (LFMP) cathode active material manufacturing plant in North America. LIT, through its fully owned subsidiary VSPC Pty Ltd, has developed a proprietary technology for producing LFP/LMFP cathode active material (CAM). To further this technological advancement, LIT is actively searching for a collaborator to facilitate the commercialisation of its LFP/LMFP technology. This collaboration would involve developing, constructing, and operating a demonstration plant, eventually leading to the establishment of a full-scale commercial manufacturing facility. More at #Proactive #ProactiveInvestors http://ow.ly/x8vU1054TFT #ASX #OTC #LIT #LMMFF #LithiumAustralia #Lithium #BatteryMetals #CriticalMinerals
