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Prairie Lithium Limited (ASX:PL9)

ALERT: Price-sensitive ASX Announcement for PL9
Current share price for PL9 : $0.006 -0.001 (-7.69%)+
Announcement
Release
10 Jul 2026 10:50AM
Price at Release
$0.007
Full Release
download
Summary
Prairie Lithium Limited, listed on ASX as PL9, has announced the arrival of North America's largest commercial Direct Lithium Extraction (DLE) unit at its Prairie Lithium Project in Saskatchewan, Canada. This milestone marks significant progress towards Phase 1 commercial lithium production. The large-scale unit, which is about four times bigger than the DLE system at Standard Lithium's Arkansas project, further de-risks the project and is backed by existing infrastructure such as production wells and power transformers. All of Phase 1 lithium production is secured under a binding offtake agreement with Hydro Lithium, positioning the company for first revenue upon commissioning targeted for Q4 2026.
Key Points
  • North America's largest Direct Lithium Extraction (DLE) unit arrives at Prairie Lithium Project in Saskatchewan, Canada.
  • The arrival marks a major milestone towards Phase 1 commercial production.
  • The commercial-scale DLE unit significantly de-risks the project.
  • 100% of Phase 1 lithium production secured under offtake agreement with Hydro Lithium.
  • The DLE unit is approximately 4 times larger than Standard Lithium’s Arkansas project.
  • Targeted for installation and commissioning by Q4 2026.
  • Supported by existing infrastructure including production wells and power transformer.
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.