Following a preliminary review, the U.S. International Development Finance Corporation (DFC) has been retained by Lepidico Ltd (ASX:LPD) to commence detailed due diligence in order to determine whether the Karibib Phase 1 Project in Namibia qualifies for DFC debt financing. The Phase 1 Project encompasses the re-development of the open pit mines at Rubicon and Helikon 1, the development of a new mineral concentrator and working capital through to commercial operation.
Lion's Head is financial advisor to Lepidico Ltd with regards to securing financing for its integrated Phase 1 Project. Lepidico is a global lithium exploration and development company differentiated by its 100% owned clean-tech L-Max®process technology that extracts lithium and recovers valuable by-products from less contested lithium-mica and phosphate minerals. The Project seeks to commercialise Lepidico's processing technology to reduce the embodied emissions within EV value chains.