Iondrive Ltd (ASX:ION) managing director Robert Smillie speaks with Proactive following the news the company has inked an earn-in and joint venture deal with a subsidiary of KoBold Metals Company on its lithium projects in South Korea. KoBold can earn a 75% interest in Iondrive’s greenfield Samguen, Seobyeok, Danyang, Seosan and Cheongpyeong lithium projects through a two-stage earn-in of $7 million over 5 years. KoBold must spend a minimum of $A500,000 in the first 18 months before being able to withdraw from the agreement.
Iondrive to tap South Korea’s lithium potential with new JV deal
