{"id":10541,"date":"2024-06-04T22:56:47","date_gmt":"2024-06-04T22:56:47","guid":{"rendered":"https:\/\/economicherald.net\/?p=10541"},"modified":"2024-06-04T22:56:47","modified_gmt":"2024-06-04T22:56:47","slug":"lithium-universe-means-big-business-with-aim-to-establish-canadian-refinery","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10541","title":{"rendered":"Lithium Universe means big business with aim to establish Canadian refinery"},"content":{"rendered":"<p>Lithium Universe has ramped up its plans to build its B\u00e9cancour lithium refinery project in Canada<br \/>\nA definitive feasibility study is progressing the project beyond design stage<br \/>\nCrucial insights have been gained from the huge Jiangsu processing plant in China<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report: <\/em><\/strong><strong>Lithium explorer and developer Lithium Universe (ASX:LU7) is making strong progress on its plans to build its B\u00e9cancour lithium refinery project in Canada, leveraging insights from a massive, successful Chinese processing plant. <\/strong><strong>\u00a0<\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/lithium-universe-lu7\/\"><strong>Lithium Universe (ASX:LU7)<\/strong><\/a> says it is not in Canada to \u201cexplore for the sake of exploration\u201d.<\/p>\n<p>The company seeks to establish itself as a prominent lithium project builder, and its developing B\u00e9cancour lithium refinery project in Canada is a huge part of that.<\/p>\n<p>The proposed 16,000tpa battery-grade lithium carbonate refinery is planned to be a key part in the development of LU7\u2019s Qu\u00e9bec Lithium Processing Hub (QLPH) at B\u00e9cancour, which will also operate an independent 1Mtpa concentrator.<\/p>\n<p>To be located at the B\u00e9cancour Waterfront Industrial Park, the plan for the hub is to capture feedstock from the nearby burgeoning James Bay Tier 1 lithium district, endowed with &gt;500Mt of economic lithium resources to date.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Important DFS milestones hit<\/strong><\/h2>\n<p>Lithium Universe is reporting solid progress today on the definitive feasibility study (DFS) works for the B\u00e9cancour lithium refinery.<\/p>\n<p>Among the milestones recently achieved are the completion of a preliminary 3D model and plot plan layout, which offers a comprehensive visual and spatial understanding of the refinery\u2019s design.<\/p>\n<p>Crucial process flow sheets and stream tables have now been finalised \u2013 important for managing material and energy flow through the refinery, detailing the processing steps and\u00a0 the interconnections between various units within the plant.<\/p>\n<p>\u00a0<\/p>\n<p>The proposed processing plant design. Pic via LU7<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Using Chinese giant as a procurement model<\/strong><\/h2>\n<p>Additionally, Lithium Universe is taking strategic inspiration from the Jiangsu lithium carbonate plant in China. The Lithium Universe board recently visited China to take note.<\/p>\n<p>The Jiangsu plant is among the world\u2019s top five lithium carbonate producers.<\/p>\n<p>Up to 70% of Jiangsu\u2019s parts were sourced from Chinese manufacturers, with the rest procured globally.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Hatch on board to fast track project<\/strong><\/h2>\n<p>Regarding the refinery process and the company\/team engaged to take on the project, LU7 chairman Iggy Tan said:<\/p>\n<p>\u201cThe Hatch team engaged for this project is dynamic, practical and experienced, fully understanding our strategy to fast-track the DFS process by leveraging the insights and proven technology from the Jiangsu Lithium Carbonate reference plant.<\/p>\n<p>\u201cHatch can easily apply their knowledge on this project as the original designer and builder\u00a0 of the reference project\u00a0 as well as any other lithium plants in their impressive portfolio of projects. We are delighted with the progress of the engineering work\u201d.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Lithium Universe, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/lithium-universe-means-big-business-with-aim-to-establish-canadian-refinery\/\">Lithium Universe means big business with aim to establish Canadian refinery<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Lithium Universe has ramped up its plans to build its B\u00e9cancour lithium refinery project in Canada A definitive feasibility study is progressing the project beyond <a href=\"https:\/\/economicherald.net\/?p=10541\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10542,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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