Critical Elements Corporation (TSXV:CRE,OTCQX:CRECF,FWB,F12) reported that samples of its low-iron lithium concentrate sent to end-users for testing in May have all been tested positively. Samples were sent to multiple end users including ceramic and glass manufacturers.
As quoted in the press release:
As a result of the positive testing, the Company will be able to add a third revenue stream to its commercialization plans by diversifying its finished product output to de-risk the ramp-up of the operation. This positive addition to the business plan is based on last year’s optimization program, which enabled the Company to change the product output sequence and generate finished material throughout the transformation process. The new flowsheet design has the flotation plant producing a tantalite concentrate from magnetic separation and a spodumene concentrate (lithium oxide concentrate) by flotation. Additionally, the low-iron portion of the concentrate will be suitable for sale to the glass and ceramic industry
Critical Elements president and CEO, Jean-Sébastien Lavallée, said:
We are very enthusiastic about the quality of the materials produced from the Rose lithium-tantalum deposit. To date, high-value material has tested positively by leading end-users, which is an important endorsement of our product. Furthermore, our recently-announced high-purity lithium carbonate results were very well received by end-users.