LONDON (Alliance News) – Alexander Mining PLC said on Monday that its subsidiary MetaLeach Ltd has been granted an African Regional IPO patent in Zambia for a method for leaching cobalt from oxidised cobalt ores.
The patent has a standard term of 20 years starting from August 2010, and describes a method for leaching cobalt from a non-lateric oxidised cobalt ore.
“The technology described in the patent has potential application for the extraction of cobalt from a range of oxidised or non-sulphide deposits. Cobalt, an essential component of lithium ion batteries, is a core target metal for the commercialisation of our intellectual property and we now have patent protection coverage in Zambia, one of the world’s most prospective countries of patent use,” said Chief Executive Officer Martin Rosser.
Shares in Alexander Mining were up 6.5% at 0.120 pence on Monday.
By Dayo Laniyan; [email protected]
Original Article: http://www.iii.co.uk/alliance-news/1519652593819434700-3/alexander-mining-acquires-zambia-patent-for-leaching-cobalt-method
