Latin Resources Limited has signed a Memorandum of Understanding (MoU) with the Minas Gerais State Economic Development Department (SEDE) and the Minas Gerais Integrated Development Institute (INDI), collectively known as Invest Minas to build the battery materials sector and boost supply chain investments across Brazil.
The agreement will enable Invest Minas to attract, regulate and promote economic activity in the state of Minas and boost employment opportunities in the region.
Invest Minas will also facilitate support from all government bodies to fast-track approvals and licencing efforts for Latin Resources’ Salinas Lithium Project.
The Minas Gerais regional government has listed the lithium project as a project, potentially providing Latin Resources with a streamlined pathway through the development approvals process.
The streamlined pathway will allow progress at the Colina Deposit as it conducts feasibility studies.
Additionally, Invest Minas will help Latin secure additional land tenure, connect it with suppliers to support its activities and promote Latin’s ongoing activities in the region.
On behalf of the Government of Minas Gerais, the MoU was signed by Secretary of State for Economic Development Fernando Passalio Avelar in a ceremony held in Perth, Western Australia.
“We are delighted to formalise our extremely good relationship with the State of Minas Gerais into a collaborative agreement to support the region. This partnership reinforces the existing cooperation between Latin and the State of Minas Gerais, and we are very pleased to be able to contribute Latin’s expertise and network to develop a strong battery minerals industry in the region to fuel global demand for these minerals,” Latin Resources Managing Director Chris Gale said.
According to Invest Minas CEO Joao Paulo Braga, the partnership will enable the entities to develop a world-class lithium district in Minas Gerais that can potentially support the local economy and establish a supportive environment for future investments.
