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AVZ signs deal with Chinese firm to explore investment, off-take for DRC project

AVZ Minerals Ltd. entered into a memorandum of understanding with China-based Beijing National Battery Technology Co. Ltd. to explore potential investment and off-take opportunities for the former's Manono lithium project in the Democratic Republic of the Congo.

The company extended an invitation to the battery manufacturer and supplier to visit its operations in the DRC as part of an ongoing due diligence process, according to a March 12 release.