Sovereign Gold Company Ltd (ASX:SOC) has entered discussions with a supplier of newly developed advanced processing and lithium recovery technology, Tenova Bateman Technologies.
Sovereign Gold holds some highly prospective ground in North America, including in the Clayton Valley Basin in the U.S state of Nevada, and the Crescent Lake Lithium Prospects in Ontario, Canada.
Rocco Tassone, managing director, commented:
“The Tenova Bateman process is just one of the extraction methods our team will assess, although the elimination of excessive water demand, coupled with monetary, recovery and time advantages of this process is highly encouraging.
“The Clayton Valley region has a history of Lithium production with neighbouring land holder Albemarle Corp (NYSE: ALB) Market Cap US$8.55bn, the largest Lithium Producer in the USA, producing since 1967…
Source: Sovereign Gold Company Ltd reviewing lithium extract technologies – Proactiveinvestors (AU)