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The Company has acquired the rights to commercialize a novel, ESG-compliant processing technology designed to greatly simplify and accelerate lithium recovery from purified spodumene (spodumene concentrate), thereby lowering overall lithium production costs. Initially, benchtop and pilot plant-scale laboratory testing and process design will aim to demonstrate profit parity with lithium production from brines, with the ultimate goal to commercially outperform competing brine operations.
Fully proven out, the Medaro HLT will offer a game-changing impact upon a sector of the worldwide lithium industry that relies upon, and seeks to expand, spodumene pegmatite mining. Medaro aims to develop and advance the technology and plans to use lithium prospects in both Northern Quebec and Ontario, Canada as potential trial projects.
The Medaro HLT is designed to further unlock spodumene value through a combination of higher quality spodumene concentrate, faster, cleaner and more energy efficient chemical processing of the improved concentrate, and the ability to locate lithium extraction operations adjacent to, or near, remote mine sites, thus decreasing supply chain distances and costs.
At its core, the Medaro HLT promises to be innovative chemical science and engineering that’s readily scalable to an industrial level. The operational equipment necessary for its commercial implementation once proven, is already available from numerous global suppliers.
Long Term Revenues
If successfully commercialized, the Medaro HLT could greatly expand global sales of battery-grade lithium products, with economic benefits to Medaro from its own manufacturing operations, and also through technology licensing agreements.
Strategy For Success
Medaro with its joint venture partner, will control the intellectual property rights to the HLT, ensuring maximum earnings from its commercial deployment. The renewable energy sector has a massive and ongoing need for lithium. The EV industry increasingly demands costs savings. The opportunity to create high-quality lithium products, delivered faster and cleaner, at lower prices, with expanded margins, are all part of Medaro’s strategy for success.
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