With a technically-focused strategy targeting profitable commercial production of lithium from oilfield brine, Allied Copper Corp (CPR.v CPRFF), soon to be known as Volt Lithium, has the potential to become a near term producer in North America.
CPR hit a 52 week high today following the achievement of a technical breakthrough with its proprietary, next-generation DLE technology; plus, CPR has sustained a BUY rating on BarChart.com for the past month with a 100% BUY rating today.
The technical breakthrough with its proprietary, next-generation IES-300 DLE technology is expected to support continued step-change improvements in Volt's process & project economics upon commercialization.
This technology builds upon CPR's previous success with the IES 200 DLE process which achieved 93% lithium recoveries from oilfield brines.
Notably, the IES 300 continues to achieve 93% lithium extraction while reducing the amount of re-agent required to treat oilfield brine as it enters the extraction process, resulting in lower operating costs, thus, enhancing the projects economics.
This is a significant milestone for CPR and positions them to be the first company in North America to achieve this milestone.
President of CPR and founder of Volt, Alex Wylie, commented:
"With results from our current pilot project anticipated by the end of Q2/23, we are excited to confirm that our next generation IES-300 technology can lower operating costs by reducing reagent inputs while maintaining high lithium extraction - all of which are critical to generate the robust economics Volt is targeting.”
News Release: https://www.alliedcoppercorp.com/post/volt-lithium-announces-technical-breakthrough-with-next-generation-ies-300-proprietary-direct
Deep Dive DD: https://www.reddit.com/r/Canadapennystocks/comments/1242az4/volt_lithium_the_first_commercial_producer_of/
Posted on behalf of Allied Copper Corp