Namibia: Management Woes Unfold At Karibib Lithium Project

The management of the Karibib Lithium project, Lepidico and !Huni-/Urib are at crossroads over the appointment of directors on the Board of Lepidico Chemicals Namibia (LCN).

The Karibib Lithium project is held under Australian-based exploration company, Lepidico (80% public listing) and !Huni (20% privately owned by five shareholders). The original 80% partner was Desert Lion Energy Namibia and after a successful takeover, Lepidico acquired the 80% in the Karibib Lithium Project. Desert Lion was renamed to LCN.

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