Hamilton Locke has advised environmental technology company Calix Ltd (ASX: CXL) on a joint venture with Pilbara Minerals (ASX: PLS) for a decarbonised lithium refining project that aims to create a new, high value and low carbon intensity lithium product at Pilbara’s Pilgangoora Project in Western Australia.
Under the joint venture, the parties will assess an innovative refining process to create a concentrated lithium salt midstream product for lithium batteries with the aim of delivering a superior value-added lithium product. If successful, the technology will enable lower product cost, reduced carbon energy intensity and improved waste product logistics.
Commenting on the transaction, Hamilton Locke Partner Michael Boyce said: “We are pleased to have advised the Calix team on this innovative transaction that brings new technology to the mining industry, with the parties aiming to create a superior lithium product whilst achieving a substantial reduction of carbon energy requirements in mid-stream processing. We look forward to seeing this collaboration working together to create exciting new low-carbon opportunities for lithium processing in Australia.”
The team at Hamilton Locke comprised Partner Michael Boyce (Corporate), Partner Sarah Gilkes (IP), Special Counsel Ben Cameron, Senior Associate Claudia Bertone and Lawyer Janice Yew, with support from Partner Adam Jeffrey and Lawyer Isabel Roach.
