RB Energy Inc., is a Canadian industrial minerals mining company with operations in Canada and Chile. The Company holds a 100% interest in the Quebec Lithium project located near Val d'Or, Quebec. This project is under development with commissioning of an open-pit lithium carbonate mine and processing plant nearing completion. The mine is expected to produce approximately 20,000 tonnes of battery grade lithium carbonate on an annualized basis. The high-quality product produced from the Quebec Lithium mine will meet the rapidly growing needs of the portable consumer electronics industry, electric and hybrid-electric vehicles, and grid-storage solutions. A five-year off-take agreement for a minimum of 12,000 tonnes per year has been signed with Tewoo-ERDC, one of China's largest commodities traders and a second off-take for up to 5,000 tonnes per year was signed with Marubeni Corp., a major Japanese commodities trading company.
In addition, the Company holds a 100% interest in the Aguas Blancas iodine/nitrate/sulphate mine located in the Atacama Desert of northern Chile. The mine has been in production since 2001 and currently produces approximately 1,000 tonnes iodine per year. High quality iodine prill is shipped worldwide and is used in many industrial sectors including pharmaceuticals and X-ray contrast media. Feasibility studies are underway for the possible commencement of potassium and sodium nitrate production which is used primarily in the fertilizer industry.
RB Energy trades under the symbol RBI on the TSX and on the U.S. OTCQX under the symbol CLQMD.