Launched on May 31st 2024 the LRC was supposed to help:
- Advanced lithium extraction technologies for clay and brine - Be the Pilot Plant for the Big Sandy lithium project - Offer a service to small lithium companies in the U.S to test their ore/brine in exchange for giving up equity (sounds like a great deal for them, Paulo)
Result after one year:
- "There have been no innovations in clay extraction, Big Sandy will use sulfuric acid leech process" - Paul - Legal action halted drilling and possibly testing of the Big Sandy Ore. Big Sandy ore sitting in storage at the LRC. - Selected Koch Industries DLE (every other DLE brine project that selected Koch did not invest 6 million into an LRC) - ZERO customers for the brine testing for equity exchange program (Big surprise)
Let's take a moment to remember those that served the AZL LRC in it's first year of operation, but are now gone:
The Sandman would rather not think about the 834k a year liability as the Board of Reckless Spenders accumulates their undeserved combined 1 million dollar salaries during the winter.
AZL Price at posting:
0.6¢ Sentiment: None Disclosure: Held
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