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Dr Khasha Ghaffarzadeh
Dr Khasha Ghaffarzadeh
IDTechEx
+44 (0)1223 812300
Email Analyst
Lepidico
 

Lepidico

Lepidico Lepidico has developed a new process to extract lithium carbonate from non-traditional hard rock lithium bearing minerals. They aim at suppying lithium at the lowest price to the battery industry. History -Lepidico is an Australian company that has developed a process to extract lithium to make battery grade lithium carbonate from lepidolite, an unconventional (mica) lithium source. -The company was founded in 2014 to commercialise L-Max® from the earlier developed K-Max® process (owned by ASX : PWN) which can produce K{\2}SO{\4} for the fertiliser industry. Researchers at the company soon realised they could modify the K-Max® process to extract lithium from appropriate hard rock mica deposits too. PWN was a founding shareholder in LPD in recognition of that development. -In 2016, the company was acquired by Platypus Minerals Ltd and it has since then been listed on the Australian stock exchange. Lepidico raised seed capital from investors to start up its pilot plant and demonstrate the feasibility of lithium extraction from mica ores, and the company now has a market capitalisation of over A$25M. -In 2017, the company is opening an office in Toronto, Canada, to set up strategic partnerships and develop its first commercial plant in Ontario (subject to positive Feasibility Study). Lepidico