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Arizona Lithium Limited ( (AU:AZL) ) has provided an update.
Arizona Lithium Limited has received approval for Phase 1 production at its Prairie Lithium Project in Saskatchewan, marking a significant milestone as the first lithium brine project in the region to reach this stage. This approval allows the project to commence production using a commercial-scale Direct Lithium Extraction unit, with the potential to increase production through process replication. The updated resource model has significantly increased the annual producible resource, enhancing the project’s capacity and positioning it as a key player in meeting the growing global demand for lithium.
The most recent analyst rating on (AU:AZL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Arizona Lithium Limited stock, see the AU:AZL Stock Forecast page.
More about Arizona Lithium Limited
Arizona Lithium Limited is a company focused on the sustainable development of two large lithium projects in North America, namely the Prairie Lithium Project and the Big Sandy Lithium Project. The company aims to align with sustainable practices by minimizing the use of freshwater, land, and waste in its operations.
Average Trading Volume: 17,752,338
Technical Sentiment Signal: Sell
Current Market Cap: A$41.06M
See more data about AZL stock on TipRanks’ Stock Analysis page.