Takeover target Prairie gets Canadian grant

13th March 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia


Font size: - +

PERTH ( – ASX-listed Arizona Lithium on Monday announced that takeover target Prairie Lithium has received A$1.2-million in grant funding from the Critical Mineral Research Development and Demonstration (CMRDD) program of natural resources in Canada (NRCan).

The grant funding will be matched with funding from Prairie and will be invested in the development of direct lithium extraction (DLE) technology.

Arizona earlier this year struck a deal to acquire Prairie Lithium for C$40-million in cash and 500-million of its own shares, giving Prairie shareholders a 15% interest in Arizona Lithium.

Prairie Lithium president and CEO Zach Maurer said that securing support from NRCan was instrumental for the company’s development and further demonstrated the federal government’s commitment to developing key critical mineral projects across the country.

“The grant allows us to accelerate our DLE technology development with the goal of advancing to commercial scale lithium production as quickly as possible.”

Arizona Lithium MD Paul Lloyd added that the company was pleased that Prairie had been awarded this grant funding, as Arizona continued to position the group as a leader in lithium processing and development in North America.

“We look forward to using our joint lithium expertise to further advance the DLE technology at both Arizona Lithium’s Lithium Research Centre in Tempe, Arizona and Prairie’s pilot plant in Emerald Park, Saskatchewan.”

Edited by Creamer Media Reporter



SSG Consulting Project Management
SSG Consulting Project Management

SSG Consulting is your Global Specialist Capital Project Management Partner for Advisory, Project Controls, Resourcing and Execution capability....

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...


Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.139 0.173s - 89pq - 2rq
Subscribe Now