Following the submitting of its preliminary financial evaluation (PEA) for the Raleigh Lake lithium challenge, Worldwide Lithium (TSXV:ILC) is now searching for potential companions to advance the challenge to manufacturing, the corporate’s chairman and CEO, John Wisbey, defined.
“We’re going to do extra work in the direction of getting (the challenge) to the subsequent stage,” he stated, including that the PEA pegs the pre-production capital value at C$111.9 million.
“That is fairly some huge cash, so we’re undoubtedly in search of companions for that proper now for the best phrases, and there are a lot of ways in which could possibly be completed,” added Wisbey.
He famous the Raleigh Lake property can be extremely potential for rubidium, which was not a part of the PEA, however presents one other alternative for the corporate.
“Rubidium is closely utilized in … making prime quality optical fiber,” Wisbey stated. “It is obtained a reasonably excessive market worth so far as we are able to see. So we’re doing lots of analysis on really how large is the market.”
Watch the complete interview with Worldwide Lithium CEO John Wisbey above.
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