With the application of Adsorption Technology, we have the capability to extract
a diverse array of elements from the source brine.
Our primary focus is on iodine, a rare element that plays an integral role in our everyday lives, from the screens you use to read this message to various essential applications. In a market where demand continually outpaces supply, we find ourselves in a seller's market with steadily increasing prices and no signs of a downturn. Our ambitious goal is to secure a 2% market share within the United States by establishing four state-of-the-art facilities within the next five years.
Our second, equally important target is lithium, a vital component powering the very device you're using to access this information. With a considerably larger market and a growing demand, the lithium sector exhibits great potential. Moreover, the integration of iodine and lithium recovery within a single technological process enables us to significantly reduce production costs.
Last but certainly not the least, we also have the capacity to extract bromine. Although it is a cost-effective mineral, valued at approximately 7% of iodine's price, the sheer abundance of known bromine brine deposits is notable. While we may not be actively targeting the bromine market at this time, we retain it in our portfolio in case we encounter an investor with specific needs. The profitability of bromine extraction is comparable to lithium, but project scale and market familiarity differ.
At Reclaimed Minerals, we maintain a diverse and versatile approach to mineral extraction,
positioning us to contribute to a sustainable and prosperous future.