Desert Lion was one of the earliest companies to collapse in 2018 after the lithium price turned declined from the highs. Price was too low for concentrate, uneconomic for Chinese converters. Don't even think there is currently any lepidolite exporting to China at all currently.
More importantly, the structure of Strategic Metallurgy technically owning the process, and being a private, company should mean Gary Johnson and co have full control of who has access to the LMAX technology. Warding off takeovers. Also FIRB in the way of a hostile takeover of a solvent company with innovative Australian-owned process for chemical conversion, which Government Department's are finally realising the value of keeping maximum amount of the supply chain in-country.
Desert Lion was one of the earliest companies to collapse in...
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