What's Happening?
Everest Metals has obtained A$150,000 in funding from the Minerals Research Institute of Western Australia to advance rubidium extraction at its Mt Edon Critical Minerals Project. The funding will support the transition from laboratory-scale experiments to commercial pilot operations, aiming to produce rubidium chloride with high purity. The project, set to begin in September 2025, involves collaboration with Edith Cowan University and focuses on refining extraction processes.
Why It's Important?
Rubidium is a critical material with applications in high-tech industries such as defense, aerospace, and communications. The successful development of commercial extraction processes could position Everest Metals as a key player in the rubidium market, potentially leading to economic benefits and technological advancements. This initiative also reflects the growing importance of critical minerals in global supply chains and the strategic efforts to secure these resources.
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What's Next?
The project will run for 12 months, with the goal of demonstrating the commercial viability of rubidium chloride production. Everest Metals will continue to collaborate with research partners to optimize extraction techniques, potentially paving the way for large-scale production. The outcomes of this project could influence future investments and policy decisions related to critical mineral resources.
