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 supports the transition from laboratory-scale experimentation to full-scale commercial pilot operations, aiming to produce 1kg of rubidium chloride per week with a purity of 95% or higher. The project, scheduled to start in September 2025, involves collaboration with Edith Cowan University's Mineral Recovery Research Centre and is set to run for 12 months. Rubidium is a critical raw material with applications in high-tech sectors, including defense and aerospace.
Why It's Important?
The funding for Everest Metals' rubidium extraction project is significant for the mining industry, particularly in the context of critical minerals. Rubidium's applications in high-tech sectors highlight its importance in technological advancements and national security. The project's success could enhance Australia's position in the global rubidium market, providing economic benefits and strengthening supply chains for high-tech industries. The collaboration with Edith Cowan University underscores the importance of research and innovation in developing efficient extraction techniques.
What's Next?
Everest Metals will focus on refining and optimizing the rubidium extraction process, with the goal of achieving commercial scalability. The project will provide insights into the feasibility of large-scale rubidium production, potentially leading to further investments and expansion. The company will continue its collaboration with research institutions to advance technological and commercial developments in rubidium extraction.
