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Venari Minerals NL (ASX:VMS)

ALERT: Price-sensitive ASX Announcement for VMS
Current share price for VMS : $0.085 -0.08 (-48.48%)+
Announcement
Release
28 Apr 2026 9:00AM
Price at Release
$0.165
Full Release
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Summary
Venari Minerals NL has successfully produced a 99.5% purity lithium carbonate from its Red Mountain Lithium Project in Nevada, marking a significant technical milestone. The project demonstrates the capability to convert lithium from sedimentary-hosted mineralisation into a battery-grade product using established processing pathways. This positions the project as a potential domestic source of lithium chemicals in the US. The test work also identified the potential for by-products such as Epsomite and Strontium, which could add value due to their applications in agriculture and defense. Venari plans to expand its metallurgical testing to improve product purity and explore the commercial viability of these by-products.
Key Points
  • Venari Minerals NL achieves 99.5% purity lithium carbonate production.
  • Red Mountain Project demonstrates potential for domestic US lithium chemical production.
  • Potential by-products Epsomite and Strontium identified for further exploration.
  • Metallurgical test work to focus on improving lithium carbonate purity and by-product recovery.
  • Red Mountain Project supports US efforts to establish critical mineral supply chains.
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.