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The latest update is out from Arizona Lithium Limited ( (AU:PL9) ).
Prairie Lithium Limited has made significant strides in advancing its Prairie Lithium Project by initiating the fabrication of a commercial-scale Direct Lithium Extraction unit, following approval from Saskatchewan’s Ministry of Energy and Resources. The company has strengthened its market position by securing a Memorandum of Understanding with Long Creek Rail, ensuring access to North American markets, and by signing a non-binding offtake agreement with Stardust Power Inc for lithium supply. Additionally, the divestiture of the Big Sandy project has allowed Prairie Lithium to focus resources on its Saskatchewan project, enhancing its financial standing and operational focus.
More about Arizona Lithium Limited
Prairie Lithium Limited, formerly known as Arizona Lithium, operates in the lithium extraction industry. The company focuses on developing its flagship Prairie Lithium brine project in Saskatchewan, Canada, and aims to meet the increasing global demand for lithium through innovative extraction technologies.
Technical Sentiment Signal: Sell
Current Market Cap: A$37.66M
See more data about PL9 stock on TipRanks’ Stock Analysis page.