Si6 Metals Enhances Terms in Brazilian Joint Venture

Si6 Metals Limited (ASX: SI6) has successfully renegotiated its joint venture agreement with Foxfire Metals Pty Ltd, improving its stake in any new project acquisitions in Brazil to 70%, up from a previous 50%. This amendment applies to future acquisitions managed by Si6 or its subsidiaries, Brazilian Ventures Pty Ltd and Brazilian Mining Ventures Ltda.

The enhanced JV terms come with a commitment to invest at least $1 million within the first year. Si6 and Foxfire aim to broaden their exploration activities in Brazil, focusing on regions rich in rare earth elements and lithium, such as Poços de Caldas and Minas Gerais' Lithium Valley. This strategic move strengthens Si6's foothold and growth prospects in the lucrative Brazilian mining sector.

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