Pilbara strikes lithium deal with Atlas Iron

Lithium developer Pilbara Minerals has signed a farm-in and joint venture agreement with iron-ore miner Atlas Iron over the Mt Francisco lithium-tantalum project, near the Pilgangoora lithium project. Under the terms of the agreement, Pilbara will acquire an initial 51% interest in the lithium, tantalum and tin mineral rights at Mt Francisco for A$2.3-million, which can be paid in either shares or cash.