RB Energy Inc. (TSX:RBI,OTCQX:RBEIF) provided an update on its Quebec lithium project, commenting that production is steady and sales of battery-grade lithium carbonate are increasing.
The company also said it has begun short-term financing arrangements as part of two-part financing process.
As quoted in the press release:
Since August 3, 2014 (News Release August 5, 2014), 62 tonnes of battery (>99.7% Li2CO3) grade material have been shipped to our off-take partner in China. Production levels currently average between 40 and 50 tonnes of battery grade material per week, and are expected to increase week on week going forward.
Production through the processing plant is now focused on improving recoveries and increasing volumes towards achieving commercial production levels by year end; all part of the standard commissioning process.