Medaro to raise funds for lithium plant

Canadian lithium developer Medaro Mining has appointed Eva Garland Consulting to raise funds that will be used to complete the development of a planned lithium extraction technology and pilot plant.

 The HLT plant

The HLT plant

Medaro said the EGC was chosen to help Medaro identify and apply for government and private grants that align with the company's technology goals.

"We are excited to be working with Eva Garland Consulting to seek non-dilutive funding for our pilot plant," said Medaro President, Faizaan Lalani. "Any funding received will assist us to bring our cutting-edge lithium extraction technology to market quickly, positioning us as a leader in the lithium industry. Medaro is committed to developing sustainable and innovative solutions for the lithium industry and we believe this partnership with Eva Garland Consulting will bring us one step closer to achieving that goal."

Last November, the company contracted Materials and Chemistry Laboratory (MCLinc)to assess the chemical reactions and flow charts respectively of lithium recovery processes developed by the Global Lithium Extraction Technologies joint venture.

Medaro holds options on the Superb Lake lithium property located in Thunder Bay, Ontario, the Cyr South lithium property located in James Bay, Quebec, the Yurchison uranium property located in Northern Saskatchewan, the Lac La Motte lithium property located in Val D'Or, Quebec, and the Darlin lithium property, located in Val D'Or, Quebec.  

Medaro Mining has said its Hard Rock Lithium Technology (HLT) is demonstrably cheaper and faster than brine extraction. 

Medaro's thermochemical technology is designed to rapidly extract lithium from spodumene (LiAlSi2O6) and convert it to high-purity lithium carbonate (Li2CO3) and/or lithium hydroxide (LiOH) and/or lithium metal (Li). Value-added commodity byproducts include aluminum oxide (Al2O3) and high-quality silica (SiO2). 

A preliminary technical and economic analysis conducted by the company's joint venture partner indicates that this Hard Rock Lithium Technology is likely capable of lowering overall spodumene processing costs by 30% to 50%. 

Initial studies of of HLT predict that every tonne of concentrated spodumene could potentially deliver almost 1/5 of a tonne of Lithium Carbonate and approximately ¼ tonne of Lithium Hydroxide ready for market at battery grades.

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