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- St George Mining (SGQ) signs a memorandum of understanding (MoU) with international battery investment company Shanghai Jayson New Energy Materials
- The two companies will work to pursue lithium opportunities in WA, including at St George’s Mt Alexander lithium project
- Jayson produces cathode precursor materials for lithium-ion batteries and also has established mining, smelting and processing units for copper, cobalt and nickel
- SGQ Chairman John Prineas says this “important strategic relationship” will strengthen the company’s capacity to unlock its full potential in WA
- Company shares were down 1.27 per cent to trade at 7.8 cents at 11:45 am AEDT
St George Mining (SGQ) and Shanghai Jayson New Energy Materials have signed a memorandum of understanding (MoU) to pursue lithium opportunities in WA.
Based in China, Jayson is regarded as a world-leading producer of cathode precursor materials for lithium-ion batteries. It has established mining, smelting and processing units for copper, cobalt and nickel, and has also developed technology for recycling lithium-ion batteries.
The global battery company is associated with two prominent figures within the clean energy sector. These include Feng Liang, a major shareholder and Chairman of both Jayson and PUTALAI, and Zeng Yuqun, the major shareholder and Chairman of CATL and a co-investor with Jayson in mineral projects.
“We are excited about this important strategic relationship with Jayson, a global leader in the new energy sector,” SGQ Executive Chairman John Prineas said.
“Our strategic relationship with Jayson will strengthen our capacity to advance Mt Alexander and unlock the full potential of our large landholding in this new lithium province in Western Australia, the world’s best hard-rock lithium address.”
The two-year agreement will see the companies consider lithium opportunities such as investment and offtake opportunities at St George’s Mt Alexander project in WA, funding support, the acquisition and development of new lithium exploration projects, and the development of downstream lithium assets in WA.
The MoU applies only to project tenements that St George fully owns, and is non-binding and non-exclusive.
Company shares were down 1.27 per cent to trade at 7.8 cents at 11:45 am AEDT.
