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DeFi Technologies Inc N.DEFI

Alternate Symbol(s):  DEFTF

DeFi Technologies Inc. is a financial technology company that pioneers the convergence of traditional capital markets with decentralized finance (DeFi). The Company is focused on Web3 technologies. Its business lines include Asset Management, Infrastructure, Ventures, DeFi Alpha, Research and Stillman Digital. In the asset management business, the Company, through its subsidiaries, Valour Inc. and Valour Digital Securities Limited, issues exchange traded products that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. In infrastructure business, it participates in decentralized blockchain networks by processing data transactions from nodes based in Europe and the Middle East. Its ventures business includes making early-stage investments in companies, banks and foundations in the digital asset space. Its DeFi Alpha business operates a specialized arbitrage trading desk based in Switzerland.


NEO:DEFI - Post by User

Bullboard Posts
Post by cheapinskion May 14, 2012 6:18pm
257 Views
Post# 19907957

heres some good f'n news!

heres some good f'n news!

FYI.....news today....

Successful Harvesting of Sylvinite During Regular Operation of Pilot Engineering Program - Pilot Processing Confirms Effective Removal of Sylvinite in an Isolated Pond Using Conventional Evaporation Based Processing - Evaporation Cycle of Initial Pan Pilot Test Series Complete Confirming Initial Portion of the Metallurgical Process Described in Preliminary Economic Assessment

TORONTO, ONTARIO--(Marketwire - May 14, 2012) -Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to report that sylvinite has been successfully produced and harvested at the Company's 100% owned Diablillos lithium-potash brine project ("Project" or "Salar" or "Diablillos") in Salta, Argentina. Sylvinite, a potash and sodium chloride, has been harvested during operation of the pilot engineering program being conducted on site. The results of the brine geochemical development during this pilot cycle was within the Company's expectations and offers significant confirmation of the initial portion of the metallurgical process described in the Company's Preliminary Economic Assessment conducted on Diablillos dated December 22, 2011 and filed on the SEDAR profile of the Company at www.sedar.com (the "PEA").

William Randall, Rodinia's President& CEO, commented, "Having harvested sylvinite during the regular operation of our pilot engineering program is a major milestone for the Company. We remain confident that these results confirm our ability to produce potash from Diablillos using conventional methods employed by other major brine producers in South and North America. This asset continues to meet our targeted milestones as we advance towards feasibility and production."

This initial result from the pilot engineering program is from the first series of solar evaporation tests at ambient conditions of the Salar. The evaporation was started May 2011 and concluded in April 2012. The first series is one of five evaporation tests in progress. Each test in pools and pans were started at different times of the year to see the effect of weather on the evaporation cycle chemistry. The resultant brine from these evaporation tests will subsequently be processed for recovery of boron and lithium products.

The process engineering department continues to monitor the evolution of both the pools and pans installed on site at approximately 4050 metres above sea level. As announced previously, a first stage of magnesium and sulphate removal has been completed, followed by successful removal of sylvinite in the ensuing step, confirming that potash is going to be a valuable by-product of an eventual lithium carbonate production facility.

now lets see some genuine interest in this awesome play......money to be made folks, money to be made....regards, cheapie

Bullboard Posts