- Advance Gold (AAX) has changed its name to Advance Lithium Corp.
- Allan Barry Laboucan, President and CEO of Advance Gold Corp. sat down with Caroline Egan to discuss the rebrand
- The rebrand better supports the company’s focus on lithium extraction
- The company has retained an environmentally friendly lithium and potassium extraction method
- Advance Gold is an exploration company focused on acquiring and exploring mineral properties containing precious metals, agricultural minerals and battery metals
Advance Gold (AAX) has changed its name to Advance Lithium Corp.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. sat down with Caroline Egan to discuss the rebrand.
“To highlight our move into lithium, we felt a change to our name would better reflect our focus. In addition to our 13 lithium and potassium salars/salt lakes, we have also retained the rights to a new extraction method for lithium and potassium to be used on our salars.
Dr. Roberto Pérez Garibay and his team at Cinvestav-IPN have developed a remarkable new environmentally friendly, low-cost method to extract lithium and potassium from our salars. Initial testing has indicated a reduction in cost that has the potential to make us one of the lowest-cost producers of lithium in the industry. He is a key advisor to Advance Lithium and we look forward to additional work to move rapidly to show the benefits of this method.”
“Lithium is crucial to energy storage and the electric vehicle revolution, and due to supply constraints and demand forecasts, lithium prices have increased dramatically this year. With our lithium salars, and rights to use an environmentally friendly and low cost extraction method to remove lithium and potassium from clay on our series of salars, we are well positioned to move rapidly into the lithium space and benefit from the current market conditions.”
Advance Gold is an exploration company focused on acquiring and exploring mineral properties containing precious metals, agricultural minerals and battery metals.
Advance Gold Corp. (AAX) is up 9.09 per cent on the day, trading at C$0.06 per share at 1:45 pm EST.
