Jindalee Lithium explores environmental stewardship measures for McDermitt project
Australia’s Jindalee Lithium (ASX: JLL) has partnered with nonprofit organization RESOLVE on an environmental stewardship initiative in areas surrounding its flagship lithium project in the US.
On Monday, the company announced that the parties have entered a memorandum of understanding (MOU) that explores the creation of a voluntary stewardship area in the broader Oregon-Nevada Caldera region, where its McDermitt lithium project is located.
Under the MOU, Jindalee’s US subsidiary HiTech Minerals and RESOLVE are expected to engage with stakeholders and rightsholders in the region to identify potential land areas that may warrant investment, protection, restoration or other stewardship measures.
HiTech may fund part of these stewardship measures, agreed through the process subject to meeting McDermitt lithium project development milestones.
The creation of a stewardship area is intended to support improved environmental outcomes for high-value habitat areas, alongside HiTech’s advancement of responsible domestic lithium development in the McDermitt Caldera, Jindalee said.
“HiTech recognizes the ecological, cultural and community values of the broader Oregon-Nevada McDermitt Caldera region, and the importance of advancing McDermitt in a way that is responsible, transparent and constructive,” Jindalee CEO Ian Rodger said in a news release.
“This MOU with RESOLVE provides a practical framework to explore how domestic lithium development and long-term environmental stewardship objectives can be progressed together.”
Rodger also noted that the process is at an early stage, and any future stewardship area will need to be shaped through engagement with tribal nations and stakeholders, technical assessment, and the ongoing permitting pathway.
The move comes as Jindalee prepares to spin out its US lithium assets into a new Nasdaq-listed company called US Elemental. The centerpiece of that company will be the McDermitt project, located on the same geological formation that hosts Lithium Americas’ (TSX, NYSE: LAC) Thacker Pass project being backed by the US government and General Motors.
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