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Be the first with the news that moves the market- Sixth Wave Innovations (SIXW) has been awarded a $50,000 grant from the Mineral Resources Development Fund (MRDF)
- The $50,000.00 grant will be used to continue refining the recovery of lithium from spodumene
- Sixth Wave will be reimbursed for allowed expenses up to C$50,000, with all work to be completed by the end of March 2023
- Sixth Wave is a nanotechnology company
- Sixth Wave Innovations Inc. (SIXW) is unchanged on the day, trading at C$0.03 per share at 11 am ET
Sixth Wave Innovations (SIXW) has been awarded a $50,000 grant from the Mineral Resources Development Fund (MRDF), Natural Resources and Renewables.
The MRDF supports projects in the mining sector that help attract investment and grow Nova Scotia’s economy, particularly with a focus on critical minerals.
The $50,000.00 (grant number is MRDF-2022-IN-08) will be used to continue the refinement and extension of the work being performed to support the recovery of lithium from spodumene found at the Champlain Mineral Ventures Ltd. (CMVL) Brazil Lake property.
Under the terms of the grant, Sixth Wave will be reimbursed for allowed expenses up to C$50,000, with all work expected to be completed by the end of March 2023.
“We are very pleased to have received this grant and to extend the work we are doing with Champlain Mineral Ventures. The Brazil Lake project continues its exploration and progress to becoming an operating mine with a potentially substantial economic impact on the Province. The grant funds will be used to continue to optimize the emerging process flow and explore the advancement of Sixth Wave’s green lixiviant and energy-reducing methodologies,” notes Dr. Jonathan Gluckman, President and CEO of Sixth Wave.
The focus of the work will be to develop a greener process for the conversion of spodumene to leachable beta spodumene and simplify the process flow sheet to achieve battery-grade lithium carbonate. Fewer process steps, reduced use of toxic chemicals, and lower energy usage combine to reduce the cost and environmental impact of processing spodumene lithium deposits. These advancements are in keeping with Sixth Wave’s goals of providing industry-leading mining solutions that both increase the profitability of a mine and reduce the environmental and societal impact of mining. The advancements in its lithium program add to the company’s already-developed solutions for gold mining which have demonstrated reduced OPEX and CAPEX while increasing gold yield while also reducing reagent and energy use.
Sixth Wave is a nanotechnology company with patented technologies that focus on extracting and detecting target substances at the molecular level using highly specialized Molecularly Imprinted Polymers (MIPs).
Sixth Wave Innovations Inc. (SIXW) is unchanged on the day, trading at C$0.03 per share at 11 am ET.
