{"id":363,"date":"2018-09-24T14:45:31","date_gmt":"2018-09-24T18:45:31","guid":{"rendered":"http:\/\/box2414.temp.domains\/~monterp0\/?p=363"},"modified":"2021-12-01T18:03:37","modified_gmt":"2021-12-01T23:03:37","slug":"montero-and-jiang-xi-yun-lithium-sign-a-memorandum-of-understanding-on-cooperation-and-development-of-lithium-production-in-africa","status":"publish","type":"post","link":"https:\/\/monteromining.com\/staging\/5850\/montero-and-jiang-xi-yun-lithium-sign-a-memorandum-of-understanding-on-cooperation-and-development-of-lithium-production-in-africa\/","title":{"rendered":"Montero and Jiang Xi Yun Lithium sign a Memorandum of Understanding on cooperation and development of lithium production in Africa"},"content":{"rendered":"

Toronto, Ontario – September 24, 2018<\/strong>: Montero Mining and Exploration Ltd. (TSX.V : MON) (\u201cMontero\u201d) is
\npleased to advise that the Company has signed a non-binding Memorandum of Understanding (\u201cMOU\u201d) with the
\nJiang Xi Yun Lithium Materials Company Limited (\u201cJiang Xi Yun Lithium\u201d) of China for joint cooperation and
\ndevelopment of lithium production in Africa.<\/p>\n

The co-operation between the Parties under this MOU may take the following forms:
\ni. Jiang Xi Yun Lithium will a sign long term off-take agreement with Montero
\nii. Jiang Xi Yun Lithium would provide Montero with beneficiation technology and financing support
\niii. Montero will supply Jiang Xi Yun Lithium with long term lithium production from Africa.
\niv. Montero would have the opportunity of investing in Jiang Xi Yun Lithium upstream beneficiation plant,
\nlithium carbonate and lithium hydroxide facilities in China.<\/p>\n

Montero Mining and Exploration\u2019s President and CEO, Tony Harwood, commented that this is an
\nexciting development for Montero. \u201cJiang Xi Yun Lithium is focused on the supply of battery grade
\nlithium products to the electric vehicle market in China. Jiang Xi Yun Lithium has already made a
\nsignificant investment in the development of lithium refining facilities in China and is continuing to
\nexpand these with a view to becoming a major supplier of lithium. It wishes to supplement its current
\nsupply with lithium from Africa which is the focus of our MOU. Jiang Xi is an ideal fit for Montero\u2019s
\nintention of becoming a lithium producer.\u201d<\/p>\n

Montero currently has 3 lithium exploration and development projects in Namibia. The current exploration
\nprograms are targeting NI 43-101 compliant resources and the exploration of additional lithium targets in Namibia.
\nJiang Xi Yun Lithium processes and manufactures lithium carbonate and lithium iron phosphate products for the
\nChinese battery market. It also offers non-ferrous metal materials, cobalt, nickel, copper, and aluminum recycling,
\nprocessing and marketing services. The company currently has an annual production 20,000 tonnes of lithium
\ncarbonate and is targeting 40,000 tonnes per year by 2020. 23% of the company is held by Guangzhou Tinci
\nMaterials Technology, a Chinese battery manufacturing company.
\nThe MOU between Montero and Jiang Xi Yun Lithium is non-binding and involves ongoing discussions and
\ntechnical investigations by an expert Montero and Jiang Xi Yun team.<\/p>\n

About Montero<\/strong><\/p>\n

Montero currently has options to acquire the Soris lithium-tantalum-tin Project, the UIS lithium-tin tailings Project,
\nand EPL6162 in Namibia in order to prove up significant lithium resources. Lithium is a critical battery metal.
\nMontero\u2019s focus is to advance its Namibian assets while seeking partners to advance the balance of its assets.
\nMontero other assets include the Wigu Hill Rare earth project in Tanzania and phosphate projects in South Africa.
\nMontero trades on the TSX Venture Exchange under the symbol MON.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Toronto, Ontario – September 24, 2018: Montero Mining and Exploration Ltd. (TSX.V : MON) (\u201cMontero\u201d) is pleased to advise that the Company has signed a non-binding Memorandum of Understanding (\u201cMOU\u201d) with the Jiang Xi Yun Lithium Materials Company Limited (\u201cJiang Xi Yun Lithium\u201d) of China for joint cooperation and development of lithium production in Africa. … Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1,8],"tags":[],"class_list":["post-363","post","type-post","status-publish","format-standard","hentry","category-news","category-posts"],"acf":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/comments?post=363"}],"version-history":[{"count":3,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/363\/revisions"}],"predecessor-version":[{"id":366,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/posts\/363\/revisions\/366"}],"wp:attachment":[{"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/media?parent=363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/categories?post=363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monteromining.com\/staging\/5850\/wp-json\/wp\/v2\/tags?post=363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}