Jindalee Lithium (ASX:JLL) signs MoU with RESOLVE to explore Oregon Nevada Stewardship Area

Jindalee Lithium has announced that its 100% owned US subsidiary, HiTech Minerals Inc., has signed a Memorandum of Understanding with RESOLVE, Inc., an independent, nonpartisan, nonprofit organisation.

The MoU establishes a framework for HiTech and RESOLVE to explore the creation of a voluntary Stewardship Area in the broader Oregon Nevada McDermitt Caldera region, where HiTech is advancing the McDermitt Lithium Project.

According to the announcement, HiTech and RESOLVE will remain independent parties while engaging with stakeholders to identify potential stewardship priorities, with final areas, funding commitments and outcomes to be agreed.

Highlights

• HiTech Minerals Inc., Jindalee’s 100% owned US subsidiary and holder of the McDermitt Lithium Project, has signed a Memorandum of Understanding with RESOLVE, Inc.
• The MoU establishes a framework for HiTech and RESOLVE to explore the creation of a voluntary Stewardship Area in the broader Oregon Nevada McDermitt Caldera region.
• HiTech and RESOLVE expect to engage with stakeholders and rightsholders to identify potential land areas that may warrant investment, protection, restoration or other stewardship measures.
• The MoU does not create any binding commitment to a specific funding amount, land area, stewardship outcome or regulatory result.

RESOLVE is described as having extensive experience convening stakeholders and rightsholders on complex environmental, natural resource and social challenges, including responsible mineral supply chains, critical minerals, biodiversity outcomes and land conservation.

Under the MoU, HiTech and RESOLVE expect to engage with stakeholders and rightsholders in the region to identify potential land areas that may warrant investment, protection, restoration or other stewardship measures.

HiTech will consider funding part of these stewardship measures agreed through the process, subject to meeting McDermitt Lithium Project development milestones.

The Stewardship Area is intended to support improved environmental outcomes for high value habitat areas, alongside HiTech’s advancement of responsible domestic lithium development in the McDermitt Caldera.

Any voluntary stewardship measures identified through this process would be in addition to, and not a substitute for, HiTech’s obligations under applicable environmental laws, permitting processes, other benefit agreements and regulatory requirements.

Jindalee Lithium Managing Director and Chief Executive Officer Ian Rodger commented:

“This MoU with RESOLVE provides a practical framework to explore how domestic lithium development and long term environmental stewardship objectives can be progressed together. Importantly, the process is at an early stage, and any future Stewardship Area will need to be shaped through engagement with Tribal Nations and stakeholders, technical assessment and the ongoing permitting pathway.”

The MoU does not create any binding commitment to a specific funding amount, land area, stewardship outcome or regulatory result.

According to the announcement, HiTech and RESOLVE will remain independent parties while engaging with stakeholders to identify potential stewardship priorities, with final areas, funding commitments and outcomes to be agreed.

Any future Stewardship Area will need to be shaped through engagement with Tribal Nations and stakeholders, technical assessment and the ongoing permitting pathway.

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