Mining News

Piedmont to support IronRidge in fast-tracking Ghana lithium project

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Aim-listed IronRidge Resources has entered into a conditional binding agreement with Nasdaq-listed Piedmont Lithium to fully fund and fast-track the Ewoyaa lithium project, in Ghana, to production.

Piedmont is a US integrated supplier of raw materials, particularly supporting the electric vehicles (EVs) and industrial markets. It will subscribe for $15-million worth of IronRidge shares, as well as provide additional regional exploration funding towards a definitive feasibility study on the project, to the tune of $17-million.

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