Lepidico Ltd. announced that it has entered into an agreement with the shareholders of Bright Minz Pty Ltd. for its wholly-owned subsidiary, Lepidico Holdings Pty Ltd, to acquire all of the issued capital of Bright Minz. Bright Minz is the holder of the LOH-Max® process technology which was developed for the production of high purity lithium hydroxide monohydrate from a lithium sulphate intermediate. The consideration for the acquisition will consist of a trailing royalty in relation to any third party LOH-Max® licences entered into by the Lepidico Group following settlement of the acquisition to the current shareholders of Bright Minz and a cash payment of $10,000. The acquisition is subject to certain conditions precedent including completion of due diligence, receipt of any required regulatory or shareholder approvals and finalising a royalty agreement with the original shareholders of Bright Minz for the trailing royalty stream on any third party LOH-Max® licences referred to above. The Lepidico Group will retain the right to use LOH-Max® royalty free.