Home Sports Arizona Lithium (ASX:AZL) partners with Cemvita to mine lithium – The Market...

Arizona Lithium (ASX:AZL) partners with Cemvita to mine lithium – The Market Herald

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  • Arizona Lithium (AZL) is partnering with US-based environmental biotech company Cemvita Factory to extract lithium from tailings ore.
  • Cemvita will use its nature-inspired technology to extract lithium from ore mined at the Big Sandy lithium project in Arizona
  • The companies will conduct research and development work at the newly established AZL Lithium Research Center
  • Arizona Lithium MD Paul Lloyd says he’s looking forward to the results in the next three to six months
  • AZL shares were up 3.57 per cent to trade at 8.7 cents at 11.55am AEDT

Arizona Lithium (AZL) has signed a letter of intent to partner with US environmental biotech company Cemvita Factory.

The strategic partnership aims to develop commercial applications for the bioextraction of lithium from sedimentary ores.

The companies will work on this using the Cemvita Factory portable organic leaching plant at Arizona Lithium’s new lithium research facility.

The lithium research center will function as a “technology incubator” for lithium mining
from ores and brines from AZL’s Big Sandy lithium project in Arizona.

Cemvita works with companies to optimize existing bioprocesses and develop new mineral processing and extractive metallurgy methods to reduce energy consumption and carbon emissions in the mining industry. Its mission aligns with Arizona Lithium’s strategy to produce lithium for the electric vehicle sector in a sustainable way.

Arizona CEO Paul Lloyd said he was “very excited” to partner with Cemvita.

“We aim to be a model of sustainability and to be a pioneer for lithium producers in the use of technologies like Cemvita,” said Mr Lloyd.

“We are excited to see the first results of the partnership in the next three to six months, at which time we will assess the further potential of the partnership.”

The companies will conduct research and development at AZL’s lithium research facility using ore from the Big Sandy project, which has been confirmed as a “good opportunity” to be a long-term lithium producer after a recently completed review study.

Shares in AZL were up 3.57 per cent at 8.7 cents at 11.55am AEDT.

https://themarketherald.com.au/arizona-lithium-asxazl-partners-with-cemvita-for-lithium-extraction-2022-10-26/

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