Endorsed as a "game-changing" technology by Goldman Sachs, Direct Lithium Extraction (DLE) has been steadily increasing its potential in the lithium industry with major players like E3 Lithium initiating pilot operations with its DLE technology expected to be operational by 2025.
In the broader industry, the DLE sector is advancing rapidly, signifying a maturation of direct extraction in the industry as it's no longer a question of "if" but "when" these technologies will be deployed commercially. (Source: https://www.kitco.com/news/2023-10-20/Direct-lithium-extraction-technology-starts-to-mature-E3-Lithium-s-Chris-Doornbos.html)
As the industry is poised to see further growth for years to come, Volt Lithium (VLT.v VLTLF, 40M Market Cap) has emerged as a high potential opportunity, boasting a groundbreaking lithium discovery and innovative IES-300 DLE technology.
Positioned as a "growing, pure-play lithium development and technology company", VLT is aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine.
Engineered to extract lithium from oilfield brines, VLT's DLE technology boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
With a PEA upcoming, VLT plans to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property. Showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
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.
For more information, check out this insightful Streetwise Reports article from Michael Ballanger which deems VLT as a "life-changing find": https://www.streetwisereports.com/article/2023/08/22/volt-lithium-a-life-changing-find.html
Posted on behalf of Volt Lithium Corp.