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Everest Metals Corporation Limited ( (AU:EMC) ) has issued an update.
Everest Metals Corporation Ltd has completed an Engineering Scoping Study for rubidium extraction at its Mt Edon Critical Minerals Project in Western Australia, marking a significant step toward establishing Australia’s first rubidium industry. The study, conducted in collaboration with Edith Cowan University, demonstrates the technical and commercial viability of their Direct Rubidium Extraction technology, achieving up to 97% rubidium recovery. This advancement positions EMC as a potential key player in the global rubidium supply chain, with plans to scale up to a pilot plant by 2026. The project is supported by strategic partnerships and funding applications, aiming to meet the growing global demand for rubidium amid declining caesium supplies.
More about Everest Metals Corporation Limited
Everest Metals Corporation Ltd is a company involved in the mining and extraction of critical minerals, focusing on pioneering the rubidium industry in Australia. Their primary product is rubidium, a rare and valuable mineral essential for high-tech industries such as defense, aerospace, and communications. The company is leveraging its innovative Direct Rubidium Extraction (DRE) technology to establish a significant presence in the global rubidium market.
Average Trading Volume: 170,008
Technical Sentiment Signal: Buy
Current Market Cap: A$34.74M
See more data about EMC stock on TipRanks’ Stock Analysis page.