Tuesday, May 1, 2018

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

Dajin Resources and Geothermal Development Associates Sign Joint Venture Agreement (News Release)

Dajin Resources Corp. has announced that it has signed a Joint Venture Agreement (JV) with Geothermal Development Associates (GDA), Reno, Nevada.  

GDA’s principle line of business is the development of geothermal resources for electrical generation. They hold geothermal leases that overlap Dajin’s placer claims in the Teels Marsh valley.  

As a result of this JV, GDA and Dajin will share exploration data with the ultimate aim of supporting the development of a Lithium brine extraction facility as well as development of a geothermal plant for electrical generation and the production of direct-use thermal water. This agreement outlines a cooperative relationship where both companies will be focusing on their key strengths to mutually develop Lithium brine and renewable energy resources.