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Stock impact report

IPI & Partners Progress to Jointly Develop Lithium Project in Utah [Yahoo! Finance]

Avino Silver & Gold Mines Ltd. Common Shares (Canada) (ASM) 
NASDAQ:AMEX Investor Relations: avino.com
Company Research Source: Yahoo! Finance
The test work to produce a battery-grade lithium carbonate from byproduct brine was completed successfully. The test results have demonstrated the viability of the process to convert brine to battery-grade lithium carbonate at the Utah facility. The test achieved a lithium extraction rate of 92.9% and a lithium chloride purity above 99.5%. In the backdrop of the United States reprioritizing an increase in its production of critical minerals direct lithium extraction (DLE) technology's advancements have proven beneficial to the partnership of Aquatech and Adionics. During the additional testing, Aquatech successfully converted the lithium-rich brine to a =99.5% lithium carbonate product. The companies, following the successful testing, will keep moving forward with the existing Joint Development Agreement. The agreement has laid down a framework to conduct feasibility studies and detailed engineering for a proposed 5,000-metric-ton lithium extraction facility, targeting a final i Show less Read more
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