Compass Minerals Achieves Lithium Development Milestones
Compass Minerals announced today the addition of a key leadership position in support of its lithium development project with the hire of Chris Yandell as head of lithium, effective Nov. 8, 2021.
In this senior management role, Chris will lead the development and implementation and coordinate the strategic direction for the company’s lithium business.
Yandell brings broad-based leadership experience in operations, commercial, supply-chain and strategic planning, having served the last 15 years in varying roles of increasing responsibility with Albemarle Corporation, a global specialty chemicals company and producer of lithium, bromine and catalyst solutions. Most recently with Albemarle, he served as chief commercial officer for refining catalysts and previously as vice president of lithium operations.
Compass Minerals also announced today the successful, third-party conversion testing of its lithium brine resource into both lithium carbonate and battery-grade lithium hydroxide at a concentration level that meets established specifications for the U.S. domestic electric vehicle and energy storage markets.
“When we first announced the identification of a readily available, 2.4 million ton lithium brine resource, we emphasized that we are evaluating multiple paths forward for development, potential partnerships, and product selection to ensure optimal shareholder value. While that work continues, our progress to date puts us firmly on track for market entry with a battery-grade lithium product by 2025,” said Kevin S. Crutchfield, president and CEO. “Chris’ specific lithium development expertise, coupled with his proven operational experience, will make a great addition to our team,” added Crutchfield. “I have no doubt his leadership will help propel our project forward.”
For more information, you can read the full news release here.