Fox River Resources (TSE:FOX) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Fox River Resources has reported successful production of high-quality Merchant Grade Phosphoric Acid (MGA) via the JESA Technologies HDH process, indicating potential suitability for the lithium iron phosphate battery market. The process also resulted in high-quality gypsum by-product, and the company is expecting to conclude battery supply chain testing by the end of Q3 2024. Notably, the production process has demonstrated high efficiency and low impurity levels, suggesting an economic advantage due to reduced sulphuric acid consumption.
For further insights into TSE:FOX stock, check out TipRanks’ Stock Analysis page.