Lepidico says it is seeking international investment partners to fund the development and production of lithium mica concentrate at its Karibib Lithium Project.
Lithium mica concentrate at its Karibib Lithium Project is a critical component in the growing lithium battery market.
The company has engaged with Jefferies International Limited, a leading full-service investment banking and capital markets firm, to be its exclusive financial advisor to facilitate the search and enhance the value of its Karibib Lithium Project in Namibia.
“Lepidico Ltd has engaged Jefferies International Limited to act as the Company’s exclusive financial advisor in connection with maximising the value of the Karibib Lithium Project, with potential to expand scope as strategically attractive,” the company announced.
The Karibib project, which requires an estimated capital expenditure of under N$896 million (US$50 million), is looking to secure one or more equity partners.
This collaboration will help realise the project’s full potential and support the development of Lepidico’s proposed Chemical Plant in Abu Dhabi.
“The Karibib Lithium Project requires an equity partner(s) to be developed and begin producing a lithium mica concentrate. An equity partner(s) is also required for Lepidico’s proposed Chemical Plant in Abu Dhabi,” said Lepidico GM Marketing and Investor Relations, David Hall.
He further explained that the Jefferies’ outreach will target a broad spectrum of companies worldwide, inviting proposals for various deal structures.
These could range from securing a minority equity partner to a full asset sale, ensuring that all potential transaction options are explored.
The outreach will include both previously engaged entities and new prospective partners, including private corporations, state-owned enterprises, investment funds, and private equity firms, especially those with a specific interest in upstream hard rock lithium assets.
“The Jefferies outreach involves contacting a target list of companies globally to invite proposals of deal structures in relation to the Karibib Lithium Project. The scope of potential deal structures being solicited is broad, ranging from securing a minority equity partner to an asset sale so that all potential transaction proposals can be considered,” he said.
