Australia's Prospect signs MoU with Russia's Rosatom, stake sale in docket

Australia's Prospect signs MoU with Russia's Rosatom, stake sale in docket

Lithium mine. Photo: Reuters

Australian lithium developer Prospect Resources Ltd said on Thursday it has signed a memorandum of understanding with a unit of Russia’s Rosatom that could see the latter buy a stake in Prospect as well as supplies of the sought-after metal.