Australian mining company Lepidico is seeking new prospective partners to maximize the value of its Karibib Lithium Project in Namibia, recently appointing American financial services firm Jefferies International as its financial advisor.
Lepidico will engage in a global outreach campaign, targeting private corporations and investment funds to raise funding for the Namibian project through October 2024. The company is exploring various deal structures, including the sale of stakes or the asset itself.
Lepidico is also negotiating with government entities to secure funding for Phase 1 of the project, which is expected to commence operations in 2026.
“The Phase 1 Project will provide a meaningful contribution to the decarbonization of the world’s alkali metals supply chains,” read Lepidico in a statement.
