Fox River Resources (TSE:FOX) has released an update.
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Fox River Resources has reported successful production of high-quality Merchant Grade Phosphoric Acid (MGA) via the JESA Technologies HDH process, indicating potential suitability for the lithium iron phosphate battery market. The process also resulted in high-quality gypsum by-product, and the company is expecting to conclude battery supply chain testing by the end of Q3 2024. Notably, the production process has demonstrated high efficiency and low impurity levels, suggesting an economic advantage due to reduced sulphuric acid consumption.
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