Everest Metals Corporation Ltd (ASX:EMC) Advances Australian-First Rubidium Industry at Mt Edon
Rubidium Extraction Success
Everest Metals Corporation Ltd (ASX: EMC) has completed an Engineering Scoping Study for rubidium extraction at the Mt Edon Critical Minerals Project in Western Australia. The study demonstrates an optimised purification process recovering 97% rubidium from the primary ore, pending further technical and economic viability assessments for a processing plant capacity of 750 to 1,000 tonnes per annum of rubidium chloride.
Intellectual Property and Technology
The company is advancing its Direct Rubidium Extraction (DRE) technology from a provisional to a standard patent, securing its innovative extraction process. This advancement positions Everest as a leader in Australia’s emerging rubidium supply chain, critical for high-tech industries.
Future Outlook and Funding
Everest Metals is moving towards commercial production with ongoing process optimisation aimed at enhancing efficiency and reducing costs. The company plans to conduct additional bench-scale and pilot-scale testing to validate the process before constructing a full-scale plant. Efforts are underway to secure domestic and international funding to scale up to a pilot plant by 2026.
Executive Comments
CEO Mark Caruso stated, “Our breakthrough rubidium extraction results showcase the power of our innovative Direct Rubidium Extraction technology, paving the way for Australia’s first rubidium industry in Western Australia. We’re thrilled to collaborate with our partners to scale up the Mt Edon Project, unlocking its potential to meet global demand for this critical mineral and drive economic growth.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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