- Foremost Lithium Resource & Technology Ltd. (FAT) has contracted XPS Expert Process Solutions to create a lithium hydroxide product using spodumene from the Zoro Lithium Project
- Foremost previously conducted tests that show ways of extracting high-grade lithium
- A structure on the Zoro Project appears to have lithium resources needed for this work
- Two phases for the contract have been outlined expected to be completed in nine months
- If successful it will have a cost-effective extraction method put towards a pilot project
- Foremost Lithium Resource & Technology Ltd. (FAT) is up 2.78 per cent trading at $0.18 per share as of 12:15 p.m. ET
Foremost Lithium Resource & Technology (FAT) has contracted XPS Expert Process Solutions to create a ready-to-sell battery-grade lithium hydroxide product.
The product will be processed from spodumene gathered from the Zoro Lithium Project.
Foremost stated in has previously done test work that showed signs of a heavy liquids separation combined with magnetite separation can produce a high-grade lithium spodumene concentrate. This would mean that most of the spodumene processed should be recovered easily using these methods.
“This strategic project will demonstrate to the market that Foremost can produce high quality [spodumene concentrate] and battery grade lithium hydroxide and help establish Manitoba as a significant Canadian contributor to the North American strategic battery manufacturing supply chain,” Scott Taylor, Foremost’s President and CEO of Foremost, said.
A structure on the Zoro Dyke 1 showcases the profit potential for this project. According to Foremost, preliminary findings indicate the Zoro Property contains lithium resources meeting industry and market specifications.
The new project with XPS and SGS will utilize a stronger sample size to see if it can convert the spodumene extracted lithium hydroxide into the compound used by electric vehicle makers.
XPS will work on its part from two Canada-based facilities; its own Falconbridge facility, and SGS Canada Inc.’s Lakeside facility.
XPS stated it has outlined a Phase 1 program where it will start by testing other extraction and separation methods. This phase is designed to study potential purity and recovery of lithium from concentrates and provide data for the generation of a continuous pilot process. Results are expected in about three months’ time.
Phase 2 will figure out the best way to process the spodumene concentrate into a battery-grade lithium hydroxide substance. The companies are expecting to complete this phase during the start of next year.
Foremost Lithium Resource & Technology Ltd. (FAT) is up 2.78 per cent trading at $0.18 per share as of 12:15 p.m. ET.