Compass Minerals Confirms Successful Conversion Testing of Sustainable Lithium Brine Resource to Battery-Grade Lithium Hydroxide
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Tuesday, October 19, 2021
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Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the successful, third-party conversion testing of its lithium brine resource into both lithium carbonate and battery-grade lithium hydroxide, representing a significant milestone in its previously announced lithium development project.
Key Points:
- Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the successful, third-party conversion testing of its lithium brine resource into both lithium carbonate and battery-grade lithium hydroxide, representing a significant milestone in its previously announced lithium development project.
- The company engaged Veolia Energy, an established technology provider, to conduct lithium chloride to lithium hydroxide conversion testing utilizing a proven, commercially viable conversion process.
- The company believes this is the first known conversion to battery-grade lithium hydroxide from the sustainable lithium brine resource originating from the Great Salt Lake.
- Compass Minerals also announced today that Chris Yandell will be joining the company as head of lithium, effective Nov. 8, 2021.