IronRidge partners Piedmont Lithium for production of lithium in Ghana

GHANA – IronRidge Resources, an Australia-based minerals exploration company, has signed an agreement with Piedmont Lithium, a mineral exploration company, to commence lithium production in Ghana. The agreement signed between the two firms aims at fully funding and accelerating the Ewoyaa Lithium Project to production. Piedmont will invest approximately US$15 million to acquire a 9.47% equity interest in IRR (the subscription) and will appoint one director to IRR’s Board of Directors. Piedmont will also have the opportunity to earn a 50% stake in IRR Ghana by investing: US$17 million to…

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