Mandrake Resources Ltd (AU:MAN) has released an update.
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Mandrake Resources Ltd has signed a Lithium Brine Supply Agreement with Electroflow Technologies, allowing for the supply of lithium brine to Electroflow’s pilot plant, which aims to produce high purity lithium hydroxide using a proprietary extraction process. This partnership, supported by a US Federal DoE grant and without increasing company debt, positions Mandrake well for upcoming Mineral Resource Estimate and scoping study milestones. Electroflow’s innovative process, which has gained the attention of influential investors like Bill Gates’ Breakthrough Energy Fellows program, could significantly streamline lithium production.
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