Critical Metals Corp (CRML) has released an update.
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Critical Metals Corp has teamed up with Obeikan Group to establish a joint venture named Arabian New Energy, focusing on building a lithium hydroxide plant in Saudi Arabia. This collaboration is set to leverage European Lithium’s interest in the venture, aiming to support the electrification and next-generation technologies in Europe and its partners. The venture plans to develop the plant for processing lithium spodumene concentrate from Austria’s Wolfsberg Project, designed to meet the needs of strategic partners such as BMW.
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