RB Energy Announces Second Quarter Results

RB Energy Inc. (TSX:RBI,OTCQX:RBEIF) has reported its financial and operating results for the three and six months ended June 30, 2014. In the second quarter, the crushing, grinding and concentrator circuits were re-started and production of limited quantities of EV grade lithium carbonate were achieved. However, ramp up issues delayed the production of commercial volumes.

As quoted in the press release:

The primary optical ore sorter was delivered to site in late Q2 2014. Installation and commissioning of the ore sorter commenced in July and will be completed in August. The diversion of a road running through the open pit to will allow full access to the open pit commenced in Q2 2014. The diversion is scheduled to be completed by the end of Q3 2014. The construction of a natural gas pipeline to the mine site commenced in Q2 2014 and is on schedule for completion in Q4 2014. As a result of the commissioning delays, it is now anticipated that commercial production levels of battery grade lithium will be achieved by the end of 2014. Production of EV grade lithium carbonate is targeted for early 2015. The ramp-up to the annual design capacity of 20,000 tonnes is now expected to be achieved in Q1 2015.

Click here to read the RB Energy Inc. (TSX:RBI) press release