REMMY closed at $5.69 according to DB ADR site adr.db.com/drweb/dr_details.html?identifier=10714&identifierType=DRID
N0rbie. The agreement with TESLA is still in place. 28 August is the anniversary of the signature. No further information due to strictly enforced Non Disclosure Agreements
That is as much information there is in the public domain as the conditional supply agreements are shrouded in secrecy. IMO we are awaiting lifting of NDA.
Over the past 3 years, Bacanora has built a lithium carbonate pilot plant in Hermosillo, to upgrade and process ores from the nearby Sonora Lithium Project. Over the past 24 months the plant has been upgraded to include the full metallurgical flow sheet of pre-concentration, flotation, roasting and lithium carbonate precipitation. In early 2016 the facility was upgraded to allow it to runs continuously on a 24/7 basis and the plant is currently targeting the production of representative samples of battery grade (99.5%) lithium carbonate, which the Company will use in ongoing discussions with potential off-take customers for its future lithium production. The Company has invested over CAD$15 million on exploration and development of the pilot plant. Over the next 12 months the pilot plant will continue to operate for the following strategies: Produce off-take samples to send out to potential off-take partners in AsiaOptimise the metallurgical flow sheet developed for the PFS to ensure more detailed mass balances for the DFSContinue with operator training prior to the construction of the larger scale operating plants. [link]
The white powder is Battery Grade Lithium Carbonate. This has been in production at our Hermisillo pilot plant in SONORA for some considerable time. REM in UK has a huge very well researched community in a private discussion board. Off take and supply agreements we believe are close. Real progress, we believe, will coincide with the publication of the Tesla Li supply chain. Note REMMY own 40.8% of the Li in Sonora concessions Megilit and Mexalit, with Bacanora owning the other 59.2%
New here. Keen on seeing how many US chaps are viewing REMMY. Have you seen this youtu.be/jFdzIqTLDhM