Energy & Critical Metals
Spey Resources Successfully Extracts 99.5% Lithium Carbonate
Spey Resources (CSE: SPEY) on Friday evening reported that it has successfully produced lithium carbonate from lithium chloride that was
The post Spey…
Spey Resources (CSE: SPEY) on Friday evening reported that it has successfully produced lithium carbonate from lithium chloride that was extracted from brines at the firms Incahuasi Salar at its Candela II project in Argentina. The method used is said to consist of a proprietary process known as Ekosolve.
The lithium carbonate was produced at the University of Melbourne, Australia by the Chemical Engineering Department using the Ekosolve process, which Spey has the first production license for. The license is said to prioritize Spey as the first client for commissioning a construction proposal, preliminary and plant engineering and manufacturing for an Ekosolve plant, which which will be established at Incahuasi.
“This not only proves the validity of the Ekosolve process for Incahuasi brines, but also the fast processing time using columns. Ekosolve Ltd. is planning to build a 100 tonne mini plant in Salta and the Company is in active discussions with Ekosolve Ltd. regarding a potential joint venture opportunity,” said Phil Thomas, CEO of Spey Resources.
READ: Spey Resources Sees Exploration Get Underway At Quebec Lithium Properties
The process, when conducted by the University of Melbourne, consisted of ten phases of processing that ultimately resulted in a 96.03% recovery rate of lithium carbonate, with purity of the final product said to be 99.6%. An external lab is currently assaying the results to corroborate the results.
Spey Resources last traded at $0.25 on the CSE.
FULL DISCLOSURE: Spey Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Spey Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
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