Wednesday, August 23, 2017

USA, Nevada: MOU Signed on Joint Lithium Extraction and Geothermal Power Project

Dajin Resources and Geothermal Development Associates Sign MOU (News Release)

(Courtesy Dajin Resources Corp.)
Dajin Resources Corp. has announced that it has signed a Memorandum of Understanding (MOU) with Geothermal Development Associates (GDA), Reno, Nevada.  

GDA is a geothermal development corporation with geothermal leases in the Teels Marsh valley that overlie Dajin’s placer claims. GDA’s principle line of business is the development of geothermal resources for electrical generation. 

As a result of this MOU, GDA and Dajin will share exploration data with the ultimate aim of supporting the development of a Lithium brine extraction facility as well as developing a geothermal plant for electrical generation and the production of direct-use thermal water.

This agreement outlines a non-competitive relationship where both companies are focusing on their key strengths, while working together on their exploration program during development.