Jadar Resources Limited announced that it has signed a non-binding Memorandum of Understanding ("MOU") Yahua International Investment and Development Co Ltd. for the establishment of a long-term strategic partnership for the development and acquisition of lithium projects and for the supply of spodumene concentrates. The MOU sets out the terms for discussion, to comprise the Strategic Partnership Agreement. Under the MOU, the parties have agreed to enter into a Strategic Partnership Agreement for the development and acquisition of lithium projects and for the supply of spodumene concentrates. The Strategic Partnership Agreement is to be entered into within 6 months of signing the MOU. The following terms are to be negotiated for inclusion in Strategic Partnership Agreement: Yahua to be offered an equity position of up to 80 million Shares in Jadar (approximately 10%) at $0.045 per share. Should this eventuate, Jadar is to ensure that investment funds are only used for exploration and development of its lithium projects; Establishment of a joint venture for the acquisition and development of lithium projects; Jadar to sell 100% of the lithium concentrate produced by the Company to Yahua; Jadar to ensure all governmental and local mining approvals and licenses necessary for operation are acquired; Obtaining any required approvals to enter into the Strategic Partnership Agreement. The MOU shall terminate on signing of the Strategic Partnership Agreement. If the parties are unable to finalise the Strategic Partnership Agreement before the expiry of the Completion Period, then: Either party shall have the option to extend negotiations for an additional 1 month, provided that such intention to extend the negotiations is conveyed to the other party in writing at least seven working days prior to expiry of the Completion Period; or Either party may terminate the MOU upon seven days written notice; or Termination on conclusion of the Completion Period.