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Latitude 66 Partners with Iondrive for Sustainable Cobalt Processing

Story Highlights
  • Latitude 66 focuses on cobalt extraction in Finland, enhancing European supply chains.
  • Agreement with Iondrive aims to use DES technology for sustainable cobalt processing.
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Latitude 66 Partners with Iondrive for Sustainable Cobalt Processing

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The latest announcement is out from DiscovEx Resources Limited ( (AU:LAT) ).

Latitude 66 Limited has entered a binding agreement with Iondrive to apply its Deep Eutectic Solvent (DES) technology to cobalt concentrates from Latitude 66’s projects in Finland. This collaboration aims to demonstrate the potential of DES technology for more cost-effective and environmentally friendly processing of cobalt, supporting European supply chains. The agreement highlights Latitude 66’s strategic role in the European critical minerals market and its commitment to sustainable processing practices.

More about DiscovEx Resources Limited

Latitude 66 Limited is a company operating in the critical minerals sector, focusing on the extraction and processing of cobalt concentrates in Finland. The company is strategically positioned within the European supply chain for responsibly sourced critical minerals, emphasizing sustainable and high-value processing solutions.

Average Trading Volume: 157,137

Technical Sentiment Signal: Sell

Current Market Cap: A$11.8M

For an in-depth examination of LAT stock, go to TipRanks’ Overview page.

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