In a move to bolster its battery metals position Stelar Metals Ltd (ASX:SLB) has appointed RK Equity Advisors as its strategic advisor primarily with the aim of advancing its recently acquired Trident Lithium Project near Broken Hill in New South Wales.
The New York-based proprietary research and capital markets advisory firm will provide non-exclusive strategic guidance for an initial term of 12 months.
RK Equity is a leading proprietary research and capital markets advisory firm focused on the lithium-ion battery materials supply chain.
It supports a range of global clients predominantly in the lithium space, which includes producing and developing resource issuers, institutional hedge funds, mutual funds, private equity and selected individual investors.
The company's board considers the appointment of RK Equity will greatly assist SLB as it looks to advance the Trident Lithium Project.
About Stelar
In February 2023, Stelar acquired a 90% interest in three projects located in the Broken Hill Block in the Far West of NSW which are in joint venture with Everest Metals Corporation Ltd.
It also has five 100%-owned projects that are in South Australia’s premier world-class exploration and mining district, which is west of Broken Hill.
The company has an experienced exploration team with a track record of discovery success exploring for commodities that are in increasing demand.