Compass Minerals Signs Binding Multiyear Agreement to Supply LG Energy Solution with Battery-Grade Lithium Carbonate - Seite 3

The company has completed an initial assessment to define the lithium resource at Compass Minerals’ existing operations in accordance with applicable SEC regulations, including Subpart 1300. Pursuant to Subpart 1300, mineral resources are not mineral reserves and do not have demonstrated economic viability. The company’s mineral resource estimates, including estimates of the lithium resource, are based on many factors, including assumptions regarding extraction rates and duration of mining operations, and the quality of in-place resources. For example, the process technology for commercial extraction of lithium from brines with low lithium and high impurity (primarily magnesium) is still developing. Accordingly, there is no certainty that all or any part of the lithium mineral resource identified by the company’s initial assessment will be converted into an economically extractable mineral reserve.

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The Compass Minerals International Stock at the time of publication of the news with a fall of -4,88 % to 39,00USD on Tradegate stock exchange (09. November 2022, 22:26 Uhr).