Based on the successful completion of development objectives, both parties intend to commercialize the jointly enhanced silicon anodes for EV lithium-ion batteries.
The total consideration is $3 million on closing and the return of 10 million Lucara common shares initially issued as partial consideration when Lucara acquired Clara in 2018.
Millions of people are displaced and fighting over minerals, particularly gold, has actually increased since the so-called conflict minerals law was passed in 2010.