Curated News
By: NewsRamp Editorial Staff
March 13, 2025
Armory Mining Corp. Secures Candela II Lithium Project Control After American Salars Exit
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- Armory Mining Corp gains control of Candela II lithium project, enhancing market position with 457,000 tonnes lithium carbonate resource.
- Ekosolve™ lithium Solvent Exchange Extraction process efficiently extracts 93.1% lithium from brines, surpassing ion exchange methods, ensuring high-grade output.
- Armory's environmentally friendly Ekosolve™ process minimizes environmental impact, reduces capital costs, and offers a sustainable solution for lithium extraction.
- Ganfeng Lithium, Rio Tinto, and Power Minerals nearby the Candela II concession, highlighting strategic location for future lithium production.
Impact - Why it Matters
This news matters as it highlights Armory Mining Corp.'s strategic move to take charge of a valuable lithium brine project. With the potential for high lithium extraction yields and environmentally friendly processes, this development could have a significant impact on the energy and battery metal sectors. The company's control of the project also positions them well in the competitive landscape of lithium production.
Summary
Armory Mining Corp. gains control of the Candela II lithium brine project following American Salars' withdrawal. The project covers 3,000 hectares with an inferred resource of 457,000 tonnes of lithium carbonate. The company has signed a license agreement with Ekosolve Inc. for lithium extraction using the Ekosolve™ process.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Armory Mining Corp. Secures Candela II Lithium Project Control After American Salars Exit
