PRISM is strategically focused on coupling its mineral resources and the use of innovative technologies and processes to manufacture valuable products for the powder metallurgical, additive manufacturing, electric metal and health industries
Building upon its compliant resource in of 182 million tonnes of contained iron and vanadium, PRISM develops and adopts leading-edge technologies to transform its minerals into high-value products for 21st century applications. With planned production of carbonyl iron powder, electric metals (vanadium pentoxide and lithium carbonate), and aggregates – and implementing modern and environmentally-friendly manufacturing methods – PRISM will become a leading supplier of key commodities to serve increasing global demand.
PRISM's poly-metallic resource is located in the heart of Peace Region at Clear Hills, approximately 500 kms northwest of Edmonton, Alberta and a few hours drive north of Grande Prairie, located in the region's major industrial heartland.
In early 2018, PRISM added to its 32 Clear Hills metallic and industrial mineral permits and leases by acquiring an additional 64 permits overlying the well developed Devonian reefs that fringe the Peace River Arch that have the potential to produce large volumes of lithium-bearing formation brine. PRISM now holds the largest amount of mineral tenure in the province of Alberta.
With 10 years of development history behind it, PRISM is entering its commercialization development stage of development in 2018 with preliminary economic assessments and feasibility studies planned for carbonyl powders and electric metals (vanadium, cobalt and lithium), with production operations anticipated for in 2020.