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Prairie Lithium Limited (ASX:PL9)
ALERT: Price-sensitive ASX Announcement for PL9
Current share price for PL9 : $0.006 -0.002 (-25%)+
Announcement
Release
3 Dec 2025 9:04AM
Price at Release
$0.008
Full Release
Summary
Prairie Lithium Limited, trading as PL9 on ASX, announced the completion of major geotechnical work at Pad #1 of the Prairie Lithium Project in Saskatchewan, Canada. This milestone enables the company to proceed with foundation work and facility construction scheduled to begin in January 2026. Prairie Lithium is distinguished as the only lithium brine project in Canada with permits for commercial production. The project is strategically positioned to capitalize on increasing lithium prices, with electricity installations approved for January 2026, and the arrival of a commercial scale lithium extraction unit anticipated in April 2026.
Key Points
- Prairie Lithium project is the only lithium brine project in Canada permitted for commercial production.
- Major geotechnical work complete at Pad #1, allowing for foundation and facility construction in January 2026.
- Electricity installation approved for January 2026, with the lithium extraction unit expected in April 2026.
- Project is positioned to capitalize on rising lithium prices.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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