It has been yet another day of strong gains for the Lepidico Ltd (ASX: LPD) share price.
In afternoon trade the lithium exploration, development, and production company’s shares are up an incredible 42% to 6.4 cents.
As we mentioned yesterday, investors have been fighting to get hold of Lepidico’s shares due to the significant potential of its unique L-Max technology.
It isn’t just day traders and retail investors trying to get hold of shares, even one of Australia’s leading lithium miners has taken a large stake in the company.
The L-Max process is able to produce lithium carbonate from non-conventional sources, specifically lithium-rich mica minerals including lepidolite and zinnwaldite. Management believes it has the potential to disrupt the lithium market by providing additional lithium supply from alternative sources.
And judging by the share price reaction today, it appears as though many investors agree.