Volt Lithium Corp V.VLT

"The New Era of Mining"

[MarketMakerss]

"The oil and gas industry has a history of outsourcing specialized tasks, and lithium extraction is unlikely to be an exception."

 

Essential for a growing green economy, a range of raw materials, namely known as critical metals, are expected to experience a fivefold increase in demand by 2050, driven by the growing requirements of clean energy technologies.

 

With this, "The New Era of Mining" has been ushered in with a focus on these critical metals, as discussed in this article, which Volt Lithium's (VLT.v VLTLF) CEO Alex Wylie participated in: https://www.newsweek.com/new-era-mining-1844683

 

In developing high-return lithium from oilfield brine, VLT has made a name for itself in the industry with "one of the most ingenious innovations" having "discovered that numerous oil fields across north America are already producing lithium".

 

Consequently, VLT developed its proprietary Direct Lithium Extraction (DLE) technology, enabling the production of lithium out of oilfield brine and “spearheading the technology and achieving over 90% extraction recoveries with brine of 34 parts per million concentration, while also removing contaminants from oilfield brine in the process.”

 

Due to its ability to double production while reducing environmental damage, DLE has gained significant industry attention, including from ExxonMobil and other oil and gas companies announcing their interest in and shift into lithium production.

 

Having recently expanded its capabilities beyond its flagship Rainbow Lake Lithium Project with the permanent demonstration plant, VLT has opened up a vast market opportunity, enabling the use of its DLE tech to extract lithium regardless of the brine's original lithium concentrations.

 

In offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.

 

Posted on behalf of Volt Lithium Corp.