
Dynamic Metals forms lithium joint venture with MinRes
Dynamic Metals (ASX: DYM) and Mineral Resources (ASX: MIN) have formed a lithium-focused joint venture on the Widgiemooltha project in WA. In March this year, Dynamic entered a binding term sheet for a farm-in and joint venture agreement with HoldCo, a wholly-owned subsidiary of Mineral Resources. Dynamic holds 60% of the joint venture while HoldCo has the remaining 40% with the ability to increase its stake to 65% by sole funding a further $15m on exploration over four years. HoldCo can earn up to an 80% interest by sole funding expenditure through to a decision to mine. Upon HoldCo earning an 80% interest, Dynamic must either choose to remain in the joint venture and contribute to joint venture expenses or…









