CRE high Quality Critical Elements $CRE $CRECE New Positive Feasibility Study w/ an After-Tax NPV8% of US$2.2B
cecorp.ca/en/critical-el…
"Suppliers who are able to provide a higher quality chemical grade spodumene yielding lower conversion cost will also be able to achieve higher prices."
So what does it mean to have a high purity #lithium spodumene deposit?
It means $CRE $CRECF is able to have the VERY high recovery rates both in the concentrator level (~90% vs 60-70%) but also in the following conversion step (90% vs ~70%). Meaning $CRE's spodumene is highly desirable for potential suitors.
Adding to the above, $CRE aims to produce high premium technical grade SC6 (only new source apart from Greenbushes) for the speciality glass and ceramics market. Tech grade SC6 price is tied to Lithium Carbonate, the inferior substitute to tech grade SC6.