NYSE:CMPMetals and Mining
Compass Minerals (CMP) Turns to Capital-Light Lithium: Smart Diversification or Strategic Distraction?
Earlier this month, Energy Exploration Technologies Inc. signed a Memorandum of Understanding with Compass Minerals to develop a projected 30,000 tons-per-annum direct lithium extraction and refinery facility on Compass Minerals’ land near the Great Salt Lake in Utah, with Energy Exploration Technologies Inc. funding, building and operating the plant.
The arrangement could give Compass Minerals a new lithium-linked revenue stream via land leasing and production license fees, while avoiding...