VLT.v Closes 13% Up on High Volume⚡ The extraction of lithium from oilfield brine holds significant appeal due to its abundant availability with oilfield brines representing a vast and untapped source of this essential metal.
Volt Lithium Corp. (Trading as VLT.v or VLTLF for US shareholders) is making remarkable progress in the field of lithium extraction. The company is focused on extracting lithium from oilfield brines at its Rainbow Lake Project in Northwestern Alberta. Spanning a vast expanse of 430,000 acres, this property harbors a substantial lithium resource estimated at 4.3 million tons.
In a recent announcement, Volt Lithium revealed the termination of option agreements related to the acquisition of copper properties. This strategic move underscores their commitment to becoming North America's inaugural commercial producer of lithium hydroxide and lithium carbonates sourced from oilfield brine.
The market seems to be responding positively to Volt focusing on its lithium asset, with VLT.v closing up 13% today, on nearly ten times its average.
To extract lithium from oilfield brine, Volt employs a proprietary extraction process comprising two essential phases: brine treatment and the innovative IES-300 Direct Lithium Extraction Technology. This advanced method eliminates up to 99% of impurities from lithium-enriched oilfield brine while successfully recovering as much as 93% of the lithium content.
Volt Lithium has displayed unwavering dedication to progressing operations from laboratory experimentation to pilot-scale execution. With this, Volt successfully extracted lithium from low-concentration brines within a simulated commercial environment. Through their pilot production initiative, they achieved an impressive 90% lithium recovery rate from brines containing as little as 34 milligrams per liter.
Full Press Release:https://voltlithium.com/wp-content/uploads/2023/08/23-08-17-Volt-News-Release-re-Termination-of-Options-SK-and-Stateline-FINAL.pdf Posted on behalf of Volt Lithium Corp.