Arizona Lithium Unveils Phased Development Plan for North America’s First Lithium Brine Facility

Arizona Lithium Limited ( (AU:AZL) ) has provided an update.

Arizona Lithium Limited has announced an updated development plan for its Prairie Lithium Project, marking the company’s first commercial lithium brine production in North America. The phased development is designed to de-risk and scale operations, with Phase I commencing in 2025, and aims to produce 150 tonnes per annum of Lithium Carbonate Equivalent. The project is strategically positioned to supply the Asian battery market, with significant implications for Arizona Lithium’s market positioning as a leading developer in the lithium industry.

More about Arizona Lithium Limited

Arizona Lithium Limited is a company focused on sustainable lithium development projects in North America, including the Prairie Lithium Project in Canada and the Big Sandy Lithium Project. The company aims to produce battery-grade lithium carbonate, particularly for the Asian battery market, while employing environmentally friendly practices.

YTD Price Performance: 10.0%

Average Trading Volume: 4,140,154

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$50.18M

For an in-depth examination of AZL stock, go to TipRanks’ Stock Analysis page.