TSXV:VLT - Post Discussion
Post by
MarketMakerss on Aug 09, 2023 4:54pm
$116B needed by 2023 to meet lithium industry targets
The lithium industry needs over $116 billion to meet automaker and policy targets by 2030, which needs to be allocated toward building new mines and refineries alongside expanding existing assets.
Having raised approximately $6.8M following its recently closed financing, Volt Lithium (VLT.v VLTLF) is strongly capitalized to execute its focus on extracting lithium from oilfield brines.
VLT's innovative IES-300 DLE technology boasts impressive capabilities, enabling lithium recoveries of 90% from concentrations as low as 34 mg/L as well as 97% recoveries using 120 mg/L concentrations, all while maintaining commercial viability.
Recently, VLT made a strategic collaboration with two cutting-edge nanotechnology labs, focused on removing contaminants from oilfield brine to use in VLT's DLE technology.
This milestone accelerates the potential for domestic lithium production while offering a compelling opportunity for oil and gas operators, presenting a win-win situation by adding value to existing oilfield operations and advancing VLT's efforts toward achieving commercially and economically viable lithium extraction.
VLT is on track to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property which has a substantial lithium resource of 4.3 million tonnes and concentrations reaching up to 121mg/L. Further emphasizing the potential here, VLT expects to produce 1,000 tonnes of lithium hydroxide by the end of June 2025, resulting in CAD$42 million in revenue.
While the industry is oversaturated with juniors living on dilutive cheap financings and warrant exercises, VLT is one company that is getting serious money with institutional backing and is likely going to soar once the money returns to the space.
Posted on behalf of Volt Lithium Corp.
Be the first to comment on this post