Mississauga, ON -- (SBWIRE) -- 04/25/2018 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Desert Lion Energy Shares Perk Higher On Delivery of Lithium Concentrate and First Revenue Under New Offtake Agreement."
Companies mentioned in this article include Desert Lion Energy Inc. (TSX-Venture:DLI).
Article Excerpt:
After a rough start to its trading life, shares of Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (TSX-Venture:DLI) popped on news that the company announced it has delivered the first shipment of lithium concentrate product to the port of Walvis Bay in Namibia in accordance with the terms of its offtake agreement with Chinese lepidolite converter and offtake partner Jiangxi Jinhui Lithium Co. Limited. The first shipment is expected to be approximately 30,000 tonnes (t) of lithium concentrate material, which will generate gross revenues of approximately $3.8 million for the Company.
Under the terms of the Offtake Agreement Jinhui is required to purchase all lithium concentrate product from Phase 1 of the Company's production plan, which the Company estimates to be approximately 150,000t - 160,000t of lithium concentrate for the 12 to 18 month period.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/893/desert-lion-energy-shares-perk-higher-on-delivery-of-lithium-concentrate-and-first-revenue-under-new-offtake-agreement.htm
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