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Trident Royalties PLC, a mining royalty company, announces a binding offtake term sheet with LG Energy Solution for battery-grade lithium carbonate from Paradox Lithium Project. The offtake involves 4,000 dry metric tonnes per year for an initial 5-year period, extendable for another 5 years thereafter. This represents 40% of the anticipated project start-up production capacity. LG and Anson are in discussions regarding an investment. Anson successfully sampled the Mississippian Units at Green River, confirming it as their second lithium project in Utah. The PR highlights the strategic potential of US lithium production to meet the growing demand for electric vehicles in North America.
Trident Royalties PLC announced its 2023 full year results, showcasing revenue growth, acquisitions, and a diversified portfolio. Despite global challenges, the company remains optimistic about its strategic investments in mining royalties.
Trident Royalties PLC, a mining royalty company, will release its Q1 2024 Activities Update on May 7, 2024. The company's stock is listed as TDTRF on the AIM and OTCQB exchanges.
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