Lanxiao Technology plans to jointly develop Salta Salt Lake Battery-grade Lithium Carbonate Project with PepinNini in Argentina

300487.SZ announced that the company and PepinNini Minerals Limited ("PepinNini" or "PNN") signed a Memorandum of Cooperation on April 4, 2022. Based on the company's DLE (Directly Lithium Extraction) technology for lithium extraction from salt lake brine, Lanxiao Technology and PNN will establish a long-term partnership to jointly develop a battery-grade lithium carbonate project in Salta Salt Lake, Argentina.

The announcement said that the signing of this memorandum expands the direct cooperation project between the company's adsorption lithium extraction technology and foreign customers in the field of overseas high-quality brine resources, which will help the company to establish a long-term and stable partnership with international mineral resources development companies. The company's adsorption brine direct extraction battery-grade lithium carbonate DLE technology meets the requirements of international customers for ESG, meets the sustainable development of environment-friendly and high-quality salt lake lithium extraction industry, and provides salt lake lithium extraction technology and project construction directly to international end customers, which is conducive to the expansion and further cultivation of the company's global industry chain of lithium resources.