Nemaska Lithium Inc. (TSE:NMX)(OTCQX:NMKEF) has obtained acceptance of a patent application in Australia relating to its proprietary process of preparing lithium hydroxide and lithium carbonate using membrane electrolysis.
The Australian patent application was expedited because patents were already granted in Canada and the US covering the same intellectual property, thereby saving the Corporation time and money.
“This Australian development is significant since this is our first patent granted in Australia,” said Jean-François Magnan, Technical Manager at Nemaska Lithium.
“In our view, the Australian market is important as it is a major source of hard rock lithium concentrate production. This patent protects our low-cost electrolysis-based technique for producing lithium salts in that region. We remain vigilant in reviewing new technical approaches to producing lithium hydroxide and carbonate with a view to protecting our IP globally. We believe this patent will considerably strengthen our position in the fast-growing Australian market.”
Nemaska’s main projects are located in Quebec.
Story by ProactiveInvestors