Lightron Starts Molybdenum Mine Concentrate Production

KOSDAQ-listed company Lightron announced on the 30th that it has officially started the beneficiation production of molybdenum ore mined from the recently acquired Changdae Mine.

Mining began earlier this month, and high-grade molybdenum ore is being extracted. The ore composition and molybdenum grade are currently undergoing precise analysis by the Korea Mine Reclamation Corporation, with results expected as early as next week.

The construction of Lightron's own beneficiation plant is approximately 80% complete, aiming for operation in the first half of next year. Until the plant is completed, they will lease a beneficiation plant located in Jecheon to begin producing concentrate.

A Lightron representative stated, “About two months after signing the acquisition contract for Changdae Mine, we have completed preparations for mining and beneficiation production. Through swift project execution, we have succeeded in commercial molybdenum production and are additionally conducting exploration of domestic rare mineral mines.” They added, “Once our beneficiation plant is completed, we aim to produce about 500 tons of concentrate daily, alongside mining molybdenum ore.”

This content was produced with the assistance of AI translation services.