• Memorandum of Understanding with Gulf Fluor for the supply of sulphuric acid and land for the construction and operation of Lepidico’s Phase 1 Plant Project
• The Memorandum of Understanding also contemplates that Gulf Fluor will provide marketing support for all Phase 1 Plant Project by-products sold within the region
• Gulf Fluor owns and operates a state of the art industrial chemical facility in Abu Dhabi that includes a 140,000 tonne per year sulphuric acid plant
Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (MoU) with Gulf Fluor LLC (“Gulf Fluor”), an established Abu Dhabi based industrial chemicals company, for: 1) the supply of sulphuric acid; 2) provision of land to construct the Phase 1 Plant Project; and 3) the marketing of Phase 1 Plant by-products to be sold within the region.
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