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Latin Resources to advance South American projects on strictly JV basis

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Latin Resources to advance South American projects on strictly JV basis

Latin Resources Ltd. made a strategic decision to only continue its operations in South America on the basis of a partial sale or joint venture, aiming to identify and develop mineral projects in Australia as part of a new direction.

The company said Oct. 4 that it had terminated advanced negotiations with a potential partner for its lithium projects in Argentina but that it would continue to source suitable partners for lithium joint ventures in both Argentina and Brazil.

Latin Resources added that it expects a positive outcome on permitting before year-end for the MT01 applications at the Ilo Sur copper joint venture in southern Peru with First Quantum Minerals Ltd.