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DiscovEx Resources Limited ( (AU:LAT) ) has provided an update.
Iondrive Limited has entered into a Binding Term Sheet with LAT66 Limited to apply its DES technology to the cobalt concentrates from LAT66’s projects in Finland. This collaboration marks the first application of Iondrive’s DES platform to virgin mining concentrates, expanding its commercialisation pathway beyond recycling. The agreement is significant as it involves one of Europe’s largest undeveloped cobalt deposits, strategically positioned for the European critical minerals supply chain. The initiative not only strengthens Iondrive’s European footprint but also showcases the DES technology’s ability to process challenging materials, potentially reinforcing its position in the critical minerals supply chain.
More about DiscovEx Resources Limited
Iondrive Limited is a company operating in the critical minerals industry, focusing on the development and application of its proprietary Deep Eutectic Solvent (DES) technology. The company is involved in the extraction and processing of critical metals, with a particular emphasis on recycling and primary mineral processing, including e-waste, battery recycling, and mixed hydroxide precipitate.
Average Trading Volume: 157,137
Technical Sentiment Signal: Sell
Current Market Cap: A$11.8M
See more insights into LAT stock on TipRanks’ Stock Analysis page.