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C1X - ASX Release - Cosmos Signs Option Agreement with EAU Lithium.pdf

RareX is a substantial shareholder of C1X with 10 million shares.

Cosmos secures exclusive option to acquire EAU Lithium Pty Ltd, allowing it to utilise Vulcan Energy Resources' (ASX:VUL) Direct Lithium Extraction (A-DLE) technology to unlock the vast lithium brine potential of Bolivia

Cosmos Executive Chairman and RareX Chairman, Jeremy Robinson, said: 

“This agreement is an exciting step for Cosmos Exploration as we align ourselves with EAU Lithium and their existing partnerships with YLB in Bolivia and Vulcan Energy Resources. EAU’s recently signed technology agreement gives them the opportunity to test lithium brines from Bolivia’s premier salt lakes using Vulcan Energy’s state-of-the-art VULSORB® technology. While the results of this testing will determine the next steps, the potential for this to progress into an industrialisation agreement in a joint venture for the processing of brines is a significant milestone in the sustainable development of Bolivia’s world-leading lithium resources. We are excited by the opportunity to partner with one of the world’s leading lithium and renewable energy developers to unlock one of the world’s greatest and hitherto largely untapped sources of lithium. This is a major step forward for Cosmos as we advance our critical minerals strategy and seek to deliver value to our shareholders in the clean energy sector.”

Dr Francis Wedin, Executive Chairman of Vulcan Energy Resources said: 

"It's great to see Vulcan's proprietary high performance lithium extraction technology VULSORB® being deployed globally with EAU Lithium and Cosmos. Whilst Vulcan's focus is and will always be building and operating our own integrated lithium and renewable energy production in Europe, our intention is to maintain technological leadership by also growing the technology division of our business, and in doing so helping partner companies and jurisdictions build sustainable low-cost lithium production worldwide."