Chevron & Exxon Mobil state interest in producing lithium As the green energy transition continues to develop, putting pressure on the price and availability of lithium as it's crucial to whether electric vehicles can scale up, major energy giants like Chevron and Exxon Mobil have stated their interest in producing lithium for EV batteries. (Source: https://www.bloomberg.com/news/articles/2023-07-24/chevron-considers-lithium-production-in-latest-ev-bet-by-big-oil#xj4y7vzkg)
Standing out as a trailblazer in this sector with its proprietary ground-breaking IES-300 DLE technology is Volt Lithium (VLT.v VLTLF).
Focusing on producing lithium from oilfield brines, VLT's innovative DLE technology pairs well with Chevron & Exxon Mobil's interests, boasting impressive capabilities and enabling lithium recoveries of 90% from concentrations as low as 34 mg/L as well as 97% recoveries using 120mg/L concentrations. Remarkably, this is all while maintaining commercial viability.
VLT on track to implementing this DLE production method at their Rainbow Lake Property, slated for the second half of 2024, where the initial resource report revealed a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. This provides a robust foundation for VLT ahead of the Rainbow Lake PEA which is expected to be released this summer.
Recently, VLT strengthened its position in the lithium industry through its strategic collaboration with two cutting-edge nanotechnology labs, accelerating the potential for domestic production of lithium as well as offers a compelling potential opportunity for oil and gas operators: https://emergingmarketsconsulting.com/amplifying-north-american-lithium-production-07-17-2023/
Harnessing the power of nanotechnology, this collaboration focuses on the removal of contaminants from oilfield brine for use in VLT's DLE technology, marking a significant milestone for VLT in advancing its efforts to achieve commercially and economically viable lithium extraction. By adding value to existing oilfield operations while offering a solution for responsible water management, this presents a win-win situation for multiple stakeholders.
Posted on behalf of Volt Lithium Corp.