Lepidico Ltd. announced that it has entered into a strategic collaboration with Cornish Lithium Ltd. The collaboration will focus on fast tracking the development of a new lithium chemical manufacturing centre with industry leading environmental and social attributes, using Lepidico's suite of eco-technologies and the geothermal energy potential in the Cornwall region. Lepidico has granted CLL an exclusive technology licence covering approximately 93km of the St Austell granite region. The technologies include the proprietary L-Max®, LOH-Max® and caesium- rubidium manufacturing processes, which provide excellent environmental attributes versus conventional process technology. The technology suite allows lithium mica minerals to be converted into a range of fine alkali metal chemicals including nominal battery grade lithium hydroxide, without the requirement for energy intensive roasting and calcination, and without production of potentially problematic sodium sulphate. In recognition of the collaboration to pioneer Lepidico's technologies on zinnwaldite and polylithionite mineralisations several one-off special terms were included in the licence; including, up to a 15 year royalty holiday, a concessionary royalty rate of 1.5% of gross revenue from all chemical conversion plant products and geographic exclusivity over the St Austell granite. The consideration for the licence and technology data package was CAD 4 million. In addition, Lepidico will issue CLL 100 million options to acquire fully paid ordinary shares with a two year expiry and a strike price of AUD 0.016, a 100% premium to Lepidico's last closing price.