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NRW Says PMET Resources Finds ALi Process as Preferred 'Value-Added' Pathway for Further Study; Shares Up 4%

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NRW (ASX:NWH) said PMET Resources' (ASX:PMT) review of seven processing flowsheet options to produce a lithium product found that the ALi atmospheric leach process is the preferred "value-added" pathway for further study, according to a Monday filing with the Australian bourse.

The ALi atmospheric leach process is developed by the company's Primero Group subsidiary, the filing said.

Talks on commercialization of the process are ongoing with several global investment banks, per the filing.

NRW shares rose nearly 4% in midday trade on Monday, while PMET Resources shares were up 7%.

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