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Arizona Lithium Limited ( (AU:AZL) ) has shared an update.
Arizona Lithium Limited has announced a Commercial Development Plan for North America’s first lithium brine production facility at the Prairie Project, which will utilize Koch’s commercial-scale Direct Lithium Extraction technology. The company has successfully raised $1.3 million to fund the engineering design of the first production facility and has received approval to produce and dispose of brine for Phase 1 of the Prairie Project. This development positions Arizona Lithium as a significant player in the rapidly evolving lithium industry, with plans to expand production through a phased approach, ultimately leading to one of the world’s largest DLE facilities.
More about Arizona Lithium Limited
Arizona Lithium Limited is a company operating in the lithium industry, focusing on the development and production of lithium brine projects. Their primary market focus is on North American lithium brine production, leveraging innovative Direct Lithium Extraction (DLE) technology to produce high-quality lithium products at low operating costs.
Average Trading Volume: 5,973,659
Technical Sentiment Signal: Buy
Current Market Cap: A$27.37M
Find detailed analytics on AZL stock on TipRanks’ Stock Analysis page.