PRAIRIE LITHIUM (the “Company” or “Prairie Lithium”), Canada’s leading lithium brine and technology development company, is pleased to announce that its core Prairie Lithium (Plix) technology has undergone third-party verification at a laboratory scale to achieve On average, 99.7% of lithium is extracted from the brine produced in Skatchewan. Prairie Lithium’s Plix technology and process can selectively remove lithium from salt water while eliminating the need for solar evaporation ponds.
Prairie Lithium retained the Coanda Research and Development Agency (“Coanda”) to complete third-party verification of its technology. At the Prairie Lithium test facility in Emerald Park, Saskatchewan, three independent laboratory technicians repeatedly extracted more than 99% of lithium from salt water in less than 5 minutes under supervision. All samples are sent to an accredited third-party laboratory. In addition to the rapid extraction of lithium, the results also show the total exclusion rate of sodium (Na), calcium (Ca), magnesium (Mg) and potassium (K)> 98%. The result is a lithium chloride solution, which can be easily converted into lithium hydroxide and further into lithium carbonate.
In 2021, the Prairie Lithium Mine completed the test and laboratory facility assembly in the Emerald Park in Saskatchewan. Prairie lithium has also increased land holdings, making the area of ​​lithium mines in Saskatchewan expected to exceed 220,000 acres. As the company strives to commercialize world-class technology in appropriate jurisdictions, the company plans to continue exploration and project development for the remainder of 2021.
Coanda Research & Development is an industry-leading engineering and science company, headquartered in Burnaby, British Columbia, specializing in cutting-edge scientific solutions.
Forward-looking statements: This press release contains forward-looking statements regarding Prairie Lithium’s business and affairs within the scope of applicable Prairie laws. These forward-looking statements include, but are not limited to, statements in the following areas: (i) Prairie Lithium’s ability to produce lithium carbonate and lithium hydroxide from lithium solutions extracted using its lithium ion exchange (Plix) technology; (ii) Prairie Lithium’s ability to produce lithium carbonate and lithium hydroxide Land reserves, including salt water and lithium concentration expectations; (iii) expected exploration and project development activities for grassland lithium; (iv) grassland lithium’s continuing expertise in brine water chemistry and hydrogeology; (v) and Saskatchewan The potential of the lithium extraction industry in Chewan, the continuous and stable legal system governing the lithium industry in Saskatchewan and the continuous support of governments at all levels.
These forward-looking statements are based on current expectations and are naturally subject to uncertainty and environmental changes, which may cause actual results to differ materially. Although Prairie Lithium believes that the expectations expressed in such forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct.
All forward-looking statements in this press release are subject to these warning statements. Readers are cautioned not to rely too much on such forward-looking statements. As of the date of this press release, forward-looking information will be provided. Unless required by applicable securities regulations, Prairie Lithium assumes no obligation to update or revise this information to reflect new events or new circumstances.
(Bloomberg)-After the setbacks in the US market, Bitcoin and Ether are still under pressure, which shocked most of the cryptocurrency community. During Asian trading, the two leading digital tokens fell back to this week’s lows and then rebounded. As of 2:20 pm in Hong Kong, Bitcoin had fallen as much as 8.7%, but then climbed to around US$40,000. Ether fell by as much as 15%, but later made up for this decline. After Tesla founder Elon Musk complained about the use of fossil fuels implied by Bitcoin’s energy demand, but at the same time fulfilled his promise to allow the purchase of cars with the largest tokens, cryptocurrency made a comeback. The People’s Bank of China reiterated that digital tokens cannot be used to increase negative sentiment, but these catalysts did not fully explain Wednesday’s plunge. The plunge plunged 31% and then rebounded. Approximately the same percentage. Leveraged investors and soaring volatility may also have played a role in this turmoil. Many cryptocurrency traders use borrowing to increase returns, which makes it easy for them to automatically sell positions when prices fall. According to data from Bybt.com, in the past 24 hours, the accounts of more than 700,000 traders were liquidated, equivalent to $8.1 billion worth of cryptocurrency. Said Todd Morakis, co-founder of JST Capital, a digital financial product and service provider. He said: “Next week we will see a lot of trends, but hope it will be in a range, although wider than normal. This market now provides opportunities for people, but I think you will see people wait and let it Settle down.” Other commentators became increasingly negative. “A relatively quiet period will eliminate more bargain hunters, but Bitcoin looks like a dead cat rebound. Especially when people are concerned about the poor performance of other alt tokens in later trading,” Oanda Said Jeffrey Halley, senior market analyst at Asia Pacific Ltd. “If the closing price of Bitcoin tonight is below $40,000, we will see another drop and may test $30,000 again.” Cryptocurrencies still provide substantial gains for investors who have held Bitcoin for more than a few months. . Bitcoin has risen by about 37% this year, while Ethereum has more than tripled. Goldman Sachs, Bank of New York Mellon and DBS Group Holdings Ltd. have all started or expanded their product offerings in recent months, which shows that the use of digital tokens is becoming more widespread. Julian Emanuel, a strategist at BTIG LLC, said that this leads to uncertainty, “may limit digital assets in the short term, and even lead to retesting or moderate reductions of Bitcoin and Ethereum lows. “Still so. In the cycle of digital assets, only 2% of people currently use cryptocurrency (the same number as when they used the Internet in 1996), and there may be more prosperity in the next few years. “He said. Similar stories can be found on Bloomberg. Subscribe now to get the most trusted source of business news. ©2021 Bloomberg LP
Binance, Coinbase and other major cryptocurrency platforms were disrupted in services on Wednesday morning due to the sharp rise in volatility in Bitcoin, Ethereum and other major cryptocurrencies.
The Thai airline said on Wednesday that Thai Airways International’s creditors have voted to approve the airline’s restructuring plan as the company seeks to recover from financial problems long before the coronavirus pandemic. Somboon Sangrungjang of the law firm Kudun and Partners said the plan will allow expansion of options for bond payments, interest and debt-to-equity swaps. The company represents creditors including 87 savings cooperatives. The company said on Wednesday that creditors proposed to appoint Finance Ministry official Pornchai Thirawet, acting Thai Airways CEO Chansin Treenuchagron and former CEO Piyasvasti Amranand as plan administrators.
(Bloomberg)-Cathie Wood’s Ark Investment Management is buying Tesla (Tesla Inc.) shares, insisting on being known for its high convictions, and shelving its relationship with Elon Musk Major disagreements on Bitcoin. According to data released on Tuesday night, the automaker was in the last trading day. Although the value of the transaction is only $27 million, this is the company’s first purchase of Tesla since April. As inflation concerns prompted investors to sell expensive assets, Tesla’s stock price has fallen 38% from its peak in January, prompting Wood to prove his propensity to expand Ark’s position. The company also recently acquired Twitter, which was the worst week since October. Wood has been adding cryptocurrency exchange Coinbase Global Inc., whose share price has been falling for most of the past month after the April IPO rise. After meeting the high energy demand of the token and reversing the decision to accept it as a payment method, Musk drove the largest cryptocurrency plunge. Added the latest drama in the field of speculative technology. Although Wood seems to have promised to place a bet on Tesla, it was revealed that Michael Burry, a well-known investor, put his bet on the automaker through put options. Bitcoin erased all gains since Tesla announced on February 8 that it would use the company’s cash to purchase digital currencies. , As of 10:28 am New York time, the transaction price is approximately $35,700. Tesla shares fell 4.4%. Read more: Coinbase plunged with other cryptocurrency stocks in the Bitcoin crash. “When everyone is looking for other people, Wood is struggling again,” said James Pillow, managing director of Moors & Cabot Inc. Please visit Bloomberg.com and subscribe now to stay ahead of the most trusted business news source. ©2021 Bloomberg LP
Apple executives testified on Wednesday that in the two years since online games appeared on the App Store, Apple received more than $100 million in commissions from Epic Games’ “Fortnite.” Michael Schmid, head of Apple’s App Store game business development, made a statement in the third week of the antitrust trial in the Federal Court of Oakland, California.
In April, the inflation rate more than doubled to 1.5%, the FTSE 100 fell below the 7,000 benchmark, a 1.5% drop, and Bitcoin fell 30%, and the major sell-off threatened cryptocurrencies. With the reopening of the economy, a shortage of workers threatens economic recovery. After China banned financial services companies from providing cryptocurrency services while dragging down other major cryptocurrencies, today, Bitcoin has plummeted by 30%. It rebounded after approaching $30,000 (a level not seen since January) and was well below the April high of $65,000. The economic downturn quickly infected other cryptocurrencies, Ethereum (Ethereum) fell more than 36%, while Dogecoin (Dogecoin) fell even higher, reaching 41.5%. In the United Kingdom, due to weak commodity prices and concerns about inflation, the London stock market was in a stressful day, and mining stocks dragged down blue-chip stocks. After the decline in commodities, the Chinese authorities proposed to curb price increases, causing investors to flee the industry’s holdings. Anglo American led the decline and became the worst performing stock in the benchmark index, falling 156 pence to 31.54 pounds. Followed by mining giant BHP Billiton (BHP), which fell 102.5 pence to 21.38 pounds; Antofagasta, which fell 55.5 pence, to close at 15.58 pounds. Rio Tinto fell 211 pence to 60.39 pound; Glencore fell 10.8 pence to 313.8 pence. As inflation concerns continue to affect the confidence of traders, this has exacerbated the further decline in the market. Danni Hewson, a financial analyst at AJ Bell, said Iceland’s decision to raise interest rates did not help calm shareholders’ nervousness. She added: “The inflation data in the UK will prompt some investors to look at their investment portfolios for a long time. “It is disturbing that it sums up the performance of the UK market very well today, and all markets are negative. Regional performance is strong. “Yesterday’s latest data showed that inflation has more than doubled in April due to high energy costs pushing up the cost of living. Investors are also concerned that supply chains and shortages of workers may threaten the country’s economic recovery. Petroleum Specialty Stocks also fell as crude oil prices continued to rise. Royal Dutch Shell joined the ten worst performing mining companies, down 37.8p to 13.24 pounds, while BP fell 8.5p to 308.4p The FTSE 100 index fell 84.04 points to close at 6,950.20, and only 17 of the 101 constituent stocks closed in the green. The FTSE 250 index fell 98.03 points to 22,234.53. More positive news is that the plumbing group Ferguson (Ferguson) ) Is the biggest gainer of FTSE (FTSE 100). After raising its full-year financial forecast, it once rose by 202 pence and once rose to a record price of 94.72 pounds. The company posted a quarterly profit growth of 65%, and as of 3 Revenue for the three months of the month increased by 25% compared with the same period last year, reaching $5.9 billion (£4.2 billion). Ferguson said that as the United States reopened and demand in the United States surged, revenue from its U.S. operations increased by 23% In other respects, defense business BAE Systems fell 0.6p to 519.8p, although the company stated that its goal will reach its full-year target, its air, maritime, electronic systems, and intelligence and security businesses performed strongly. Sales are expected to last year The realized growth of 5% to 7% on the basis of 20.8 billion pounds, the underlying profit is expected to increase from 6% to 8% from the previous level of 2 billion pounds.
The price of Bitcoin has fallen by more than 30% so far in May, which is the worst month since November 2018.
(Bloomberg)-Even in the face of Bitcoin’s sharp decline, Bitcoin’s peak market value once evaporated 500 billion US dollars, Cathie Wood still sticks to his conviction. The price of the cryptocurrency is still expected to reach $500,000. She pointed out that due to inflation concerns, highly volatile industries in the stock market are selling, and Bitcoin is also falling. The price of her last transaction was close to $38,000. “We have gone through such a difficult search time and scratched the model. Yes, our beliefs are just as high.” Wood said, although Elon Musk feels about Bitcoin because of its environmental impact. Disappointed. She said that renewable energy has been integrated into Bitcoin mining technology, as she expected: “Elon will come back and become part of the ecosystem.” Musk’s view of the largest cryptocurrency changed rapidly. It may be due to the suppression of institutional shareholders like BlackRock. Despite her long-term beliefs, Bitcoin and other digital coins may face more pain before making a comeback. “I think we are in the surrender phase. In the past two weeks, Wood has been buying heavily on Coinbase Global Inc. stock because the cryptocurrency exchange’s stock price has fallen below its April direct listing reference price and hit a record. In the interview, Wood also talked about the prospects of bitcoin exchange-traded funds that will be approved in the United States this year. After a series of comments from regulators, this possibility seems very small. Wood believes that the most recent The plunge may be a good thing for the prospect of approval. She said: “Now, we have made corrections and the possibility has increased. “Although her fund has been hit this year, and its flagship product, Ark Innovation ETF, has fallen by more than 34% from its February high, the company’s product line is as follows: She said that she has not yet faced monthly capital outflows.” I want to say that there are a lot of commentators out there who are shocked by how our ETF must be closed. This is impossible,” she said. She said: “Going to a high-sounding value industry has taken a hit to her funds. This is for her. It is inspiring. “The coronavirus has pushed all the innovative forces we support investment, and they haven’t looked back.” “We are looking at this sentence: Okay, it’s being sold. Innovation is being sold. Oh, by the way, the bull market has expanded.” Bloomberg ( There are more similar stories on Bloomberg.com, and now subscribe to stay ahead of the most trusted business news source. ©2021 Bloomberg LP
(Bloomberg)-According to people familiar with the matter, Memic Innovative Surgery, a medical device company that specializes in robotic-assisted surgery, is in public negotiations for a merger with MedTech Acquisition Corp., a blank check company. Some people familiar with the matter said that special purpose acquisition companies may raise more equity through so-called private investments in public equity or PIPE. The terms of the transaction were not immediately available. As with all outstanding transactions, negotiations may break down. A MedTech representative declined to comment, and a Memic spokesperson did not immediately respond to a request for comment. In April, Memic stated that it had raised $96 million from investors, including Peregrine Ventures. And Ceros, participation from OurCrowd and Accelmed. The company said at the time that the funds would support the commercialization of its Hominis robotic-assisted surgery platform in the United States and possibly overseas. The Tel Aviv-based company is led by co-founder and CEO Dvir Cohen and chairman Maurice R. Ferre. In February, it obtained a new marketing license from the US Food and Drug Administration for its Hominis system, which can be used for certain types of surgical procedures, including benign hysterectomy. The platform has micro-robot arms, which the company claims provide human-level flexibility and basically replicate the actions of surgeons. MedTech, led by CEO Christopher Dewey, raised $250 million in an initial public offering in December; Vicarious Surgical Inc., another robotics startup, has agreed to go public through a merger with SPAC D8 Holdings Corp. . More such news can be subscribed on Bloomberg.com to maintain the leading position of the most trusted business news source. ©2021 Bloomberg LP
Chinese regulators have tightened the ban, prohibiting financial institutions and payment companies from providing services related to cryptocurrencies, which marks a new blow to digital currencies. Compared with the previous ban issued in 2017, the new rules have greatly expanded the scope of banned services, and believe that “virtual currency is not supported by any actual value.” Three financial industry associations on Tuesday instructed their members (including banks and online payment companies) not to provide any encryption-related services, such as account opening, registration, trading, clearing, settlement and insurance, etc., reiterating the 2017 ban.
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On Wednesday, global stock market indexes fell on the eve of the release of the minutes of the Federal Reserve meeting, while cryptocurrencies plummeted after the introduction of Chinese regulators, and Bitcoin fell to its lowest level since January. Stock investors are concerned that rising inflationary pressures, as indicated by the stronger-than-expected consumer price index, may prompt the Fed to cut its support earlier than many expected. “There is no doubt that inflation worries have penetrated the minds of investors, which will put pressure on technology stocks, and it is likely that we will see yields rise,” Charles Schwab of Austin traded And Derivatives Vice President Randy Frederick (Randy Frederick) said, Texas.
Based on the latest policy statement in April and subsequent dovish comments by several Fed officials, we do not expect the Fed to be surprised.
According to data from financial analysis company Ortex, in the past five trading days, investors have lost an estimated $930 million in short positions in memetic stocks GameStop and AMC Entertainment. At the core of the so-called “skunk” retail trading frenzy earlier this year, GameStop’s stock price has risen by a third in the past week, while the stock price of movie operator AMC has risen 39%. Ortex said that the current estimate of the short-term interest in AMC is 18.3% of the free float, and the short-term interest in GME is 21.8% of the free float.
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Experienced people seem to be buying on dips, as key Bitcoin price indicators indicate that the pullback may be coming to an end.
European aircraft manufacturer Airbus has ordered suppliers to prove their suitability for increasing the production of single-aisle jets as soon as possible, and disclosed in the letter the severity of the recent industrial quality problems. Reuters saw that in the letter to suppliers in late March, Chief Procurement Officer Juergen Westermeier (Juergen Westermeier) did not give a specific target, but called for “immediate action” to prepare for increased production. , This is the latest evidence of the recovery of mid-range jets. Airbus declined to comment on the contact with the supplier.
(Bloomberg)-A senior Apple executive who defended the App Store in a monopoly lawsuit by Epic Games Inc. found himself having to respond to a series of other antitrust fouls by the world’s most valuable company on Tuesday. In a court hearing in Oakland, California, Apple’s former head of global marketing encountered several cases that showed that the company locked users out, making it difficult for them to leave the device. Epic’s lawyer Katherine Forrest said that in 2016, Attendance sent an email to his colleagues with the title “iMessage is the glue that keeps me in touch with the iPhone”, which explains Apple’s news. The delivery platform is the reason why people don’t use Android devices. The idea that users cannot easily transfer music and videos purchased on Apple services to Google’s Android. She went further and showed that the iCloud keychain service that Apple uses to store passwords on Apple devices cannot be synchronized with Android devices. Her view is: Apple will not only lock developers through its App Store rules, but also consumers, thus limiting their ability to turn to competitors. Schiller said that many users have subscribed to video and music streaming services and can enter a password to manually insert a new device. He also suggested that users can use a third-party password manager. Read more: Epic-Apple trial puts about 50,000 games on hold on the App Store. Epic’s lawyers also tried to show U.S. District Judge Yvonne Gonzalez Rogers, who will rule the App Store case without a jury. Apple has played an important role in the antitrust market. In 2012, the U.S. Department of Justice filed a pricing lawsuit against Apple over the prices of e-books on the iPad and the iPhone’s built-in book reading app. Apple eventually settled at a price of $450 million, but the government must appoint a supervisor to interview executives and review company policies. Schiller said he was not involved in the case, but Forrest said that the monitor tried to obtain permission to interview Schiller for a year and a half in vain. Another point of contention is that Apple announced a new plan to reduce App Store fees in November. For developers whose annual income is less than $1 million, it is 30% to 15%. Schiller used it as an initiative to help small businesses during Covid-19, but acknowledged it when questioning that the company is still responding to global reviews of App Store practices to prove Apple’s presence in the search engine Favor the search results of your own apps on the App Store-another anti-competitive behavior-Forrest showed that Apple Music and Apple News exhibits appear at the top of the search results rankings instead of third-party apps. Dozens of different variables are included, including which apps the user already has on the device. More stories of this type are available on bloomberg.com, please subscribe now to stay ahead of the most trusted business news source. ©2021 Bloomberg LP