Medaro Mining Corp (OTCMKTS:MEDAF) Stock Gains After Filing Two Provisional Patent Applications
Medaro Mining Corp (OTCMKTS:MEDAF) on April 6, 2023, announced the filing of two provisional patent applications on proprietary spodumene processing technology. A multi-faceted venture aimed at the development of an innovative hard rock lithium extraction in Canada, Medaro has been in development for two years.
Lithium, a key component of batteries, has become very popular due to energy transition. However, present methods of extraction from the spodumene are exorbitant and environmentally damaging. The company’s technology will address challenges by streamlining the lithium extraction process as well as reducing environmental impacts. Its technology harnesses a mix of chemical and physical steps to extract both aluminum and lithium with low environmental impact and high efficiency. The technology has the potential to lower overall spodumene processing costs by about 30% to 50%.
Faizaan Lalani, Medaro’s President expressed delight in filing PPAs on this ground-breaking technology. Lalani added that the team has been working continuously for developing a solution, which is more sustainable and this technology is in the correct direction.
The Technology has been tested at the bench-scale laboratory level and the firm is looking at finalizing plans for building the first pilot plant in the United States. Medaro is also looking at partnerships with other mining companies for advancing the lithium mining industry.
