Australia’s Lepidico Ltd (ASX:LPD) has achieved another milestone with its L-Max process technology, with the grant of a European patent.
The European patent represents the fourth patent granted to Lepidico for its L-Max process technology with the US patent granted in 2019 and the Australian and Japanese patent granted in 2020.
Lepidico’s Managing Director, Joe Walsh, said national and regional phase patent applications in other key jurisdictions are well advanced.
Grant of patent protection in Europe represents another significant endorsement that L-Max is a novel process, which along with its other proprietary technologies provide Lepidico with a strategic advantage in the development of its lithium business,” Mr Walsh said.
The L-Max process is for the extraction and recovery of lithium chemicals from lithium containing mica and lithium phosphate minerals, including lepidolite, zinnwaldite and amblygonite.
The process consumes modest amounts of energy and represents a relatively low carbon intensity solution for production of lithium chemicals versus conventional industry processes.