Prairie Lithium (ASX:PL9) has added one big strategic feather to its cap at the Prairie Lithium Project in Saskatchewan, Canada – it now owns North America’s largest commercial Direct Lithium Extraction (DLE) unit, part of an overall lithium plant.
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While the acquisition of this critical hardware was described as de-risking the project on Friday, it’s worth noting the company already has a pathway to production via a binding offtake deal with Hydro Lithium.
Hydro Lithium is a South Korean battery-grade lithium refinery and it’s set to take 150tpa of lithium carbonate equivalent (LCE) from Prairie once production kicks off.
But the sheer size of the hardware that’s rolled onto Prairie’s digs this week can’t be overlooked, if only for the sake of trivia.
“The commercial-scale DLE unit is approximately 4 times larger than the commercial DLE system currently deployed at Standard Lithium’s Arkansas project, where a single column was installed in March 2024 and is achieving industry-leading results,” PL9 wrote on Friday.
“This milestone demonstrates the scale of Prairie Lithium’s Phase 1 development and the Company’s ambition to become a leading commercial DLE producer in North America.”
PL9 Executive Chairman Paul Lloyd voiced his confidence in the project’s forward momentum.
“Supported by our existing infrastructure, scalable development model and binding offtake agreement, Prairie Lithium is well positioned to become one of North America’s leading commercial Direct Lithium Extraction projects,” Lloyd said.
“Over the past 18 months we have continued to execute against each of the major milestones required to advance Prairie Lithium toward commercial production.”
PL9 last traded at 0.7cps.
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