Forward signs early development deal for Li isolation Forward signs early development deal for Li isolation
2022-08-29 10:55 ET - News Release
Mr. Howie Honeyman reports
FORWARD WATER TECHNOLOGIES ANNOUNCES AN EARLY DEVELOPMENT CONTRACT
Forward Water Technologies Corp. (FWTC) has secured an early development contract to support a prominent western Canadian lithium company to further optimize lithium isolation.
Ensuring proficient lithium capture is essential to minimize costs, limit the consumption of water and provide the highest quality battery-grade lithium materials. Guaranteeing a steady supply of this mineral while minimizing the carbon footprint associated with its production and trade is critical to building a sustainable future. Using Forward Waters' low-energy-demand, forward osmosis process to concentrate the brines will lead to new and more efficient processing methods for mineral recovery. Recent studies in the company's labs using real-world brines have shown that highly effective concentration, using its forward osmosis process, can be readily achieved, especially in the lithium sector. In many cases, over 90 per cent of the water can be removed from the brines, leading to an over-10-times increase in lithium concentration. President and chief executive officer Mr. Honeyman comments: "FWTC's unique ability to concentrate challenging brines throughout the lithium processing path positions FWTC to be an exceptionally useful tool for lithium production. Working cooperatively with Canadian producers allows us to magnify both of our opportunities."
The government of Canada has estimated a lithium resource of approximately 2.9 million tonnes and, with the use of this new technology solution, there will be a direct effect on the manufacturer's carbon footprint both in the manufacturing process and the emission of greenhouse gasses. Through the use of this new technology, compared with the current methods of disposal, large energy savings will be recognized for the sustainability of the country. This is especially important as the demand for materials such as lithium is expected to vastly outstrip supply for many years to come.
About Forward Water Technologies Corp.
Forward Water Technologies is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The company was founded by Green Centre Canada, a leading technology innovation centre, supported by the government of Canada. The company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for reuse or surface release. The company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial waste water, oil and gas, mining, agriculture, and, ultimately, municipal water supply and reuse market sectors.
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