Reward CEO Lorry Hughes commented:“This is another key step...

Reward CEO Lorry Hughes commented:
“This is another key step toward transforming the SOP industry via commercialisation
of Reward’s processing technology.
The technology is relatively simple, it negates the need for the removal of waste salts
by expensive mechanical harvesting and it does not require complicated and
expensive flotation processing steps to separate waste salts from SOP. All this points
toward a significant reduction in production costs compared to existing operations and
methods.
Importantly there appears potential for the first time globally, to produce SOP from
waste brines or bitterns from solar salt operations using seawater as feed brine on a
commercial basis. This could allow operations in coastal areas with established
transport infrastructure to produce and ship SOP to market at competitive prices. By
targeting cheaper costs of production as outlined in the Company’s engineering study
completed in September 2023 there should be opportunities to also grow the SOP
market globally as it is a highly sought after fertilizer in short supply.