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Arizona Lithium Limited ( (AU:AZL) ) has issued an announcement.
Arizona Lithium Limited announced its agreement with Koch Technology Solutions to deploy the first commercial-scale Li-Pro direct lithium extraction unit at its Prairie Project in Saskatchewan. This partnership marks a significant milestone as it represents the largest DLE deployment to date and aims to position Arizona Lithium as a leader in lithium production from oil field brines. The initiative will start with a 150 TPA Lithium Carbonate Equivalent production capacity and is designed to de-risk and scale up the project in three phases, ultimately expanding production across multiple pads. This strategic move is expected to strengthen Arizona Lithium’s market position in the rapidly growing battery sectors in Asia and North America.
More about Arizona Lithium Limited
Arizona Lithium Limited is focused on the sustainable development of large lithium projects in North America, specifically the Prairie Lithium Project and the Big Sandy Lithium Project. The company is involved in the production of lithium carbonate for the battery industry, targeting mature Asian and emerging North American markets.
YTD Price Performance: -16.67%
Average Trading Volume: 4,585,276
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$45.62M
For a thorough assessment of AZL stock, go to TipRanks’ Stock Analysis page.
