ShreeMetalPrices: Arizona Lithium acquires Prairie, raising lithium reserves to 4.4 Metric Tons


Arizona concluded buying of Prairie Lithium, boosting its global lithium reserves to 4.4 Metric tons by 1,200% for the lithium carbonate equivalent. Moreover, Prairie’s direct lithium extraction technique. Which has produced positive results when applied to materials from the company’s current Big Sandy project, will be include in the buyout.

Prairie recently obtained a $1.2 million grant from the Critical Minerals Research Development & Demonstration (CMRDD) programme for natural resources in Canada for the development of the technology, underlining the potential of the DLE technology for Arizona Lithium.

This modular technique is already in use at a pilot plant.
The best-quality inferred lithium brine resource in Canada discovered to date. Prairie Lithium’s 4.1 million tonnes of carbonate of lithium equivalent (LCE) at 111 mg/L Li, is include in the acquisition of Prairie Lithium. According to managing director Paul Lloyd.

The direct extraction of lithium technology developed by Prairie. Which has already shown promising results with Big Sandy material, has also been bought by Arizona Lithium. We hope to advance this technology by combining the lithium expertise of AZL and Prairie. C$1.074 million (about A$1.2 million) has recently been receive in Canadian government funding for grants. Which will be match with funding from AZL and will be use to advance Direct Lithium The extraction (DLE) technology.

Eye’s on Lithium

Zach Maurer, the creator and CEO of Prairie Lithium, will join the organization’s boards as an executive director headquartered in Regina, Saskatchewan, as part of the acquisition.

The lithium project in Saskatchewan. Canada’s Williston Basin, contains a resource of 4.1Mt LCE at 111mg/L and offers a sizable room for growth.

It has quick access to essential infrastructure. Such as paved roads, trains, power, natural gas, and fresh water.

The Prairie Lithium Ion Exchange (PLIX) technology, meanwhile, is based on an ion-exchange material that selectively separates lithium from brine using equipment. That should be easily accessible at commercial scale.

Testing using international resources suggests that this might be used globally.

Even while the company has had experience extracting lithium from Big Sandy material. It is also exploring various DLE methods to make sure it uses the most economically advantageous technology on its resource.