With the anticipation of increased demand for lithium, Volt Lithium Corp. (Ticker: VLT.v or VLTLF for US investors) is working to become North America's first producer of lithium hydroxide and lithium carbonates sourced from oilfield brine.
VLT's distinctive proprietary extraction procedure consists of two phases, resulting in the elimination of 99% of impurities from lithium-enriched oilfield brine, and the recovery of 93% of the lithium content itself.
This streamlined process contributes to reduced capital expenses, thereby further elevating VLT's standing within the market.As detailed by Benchmark Minerals,the lithium sector requires a substantial investment exceeding $116 billion to align with automakers and policy objectives by 2030. This funding must be channeled into the construction of fresh mining facilities and refineries, alongside the expansion of current resources.
With control over lithium rights across a vast expanse of more than 430,000 acres, containing an estimated 4.3 million tons of lithium resources, VLT is positioned as a promising contender within the lithium industry.
VLT distinguishes itself in a competitive market due to its expertise in dealing with low-concentration brines. While many projects place emphasis on extracting lithium from high-concentration sources, VLT Lithium's strength lies in efficiently deriving lithium from sources with lower concentrations, which are more prevalent compared to high-concentration sources.
In recognition of its pioneering efforts, VLT found itself in the spotlight through a feature in Mining Magazine's July/August 2023 edition. This insightful article delves into the significance of critical metals within the context of the global energy transition and highlights VLT's notable contributions through its environmentally conscious ESG (Environmental, Social, Governance) solution.
https://twitter.com/VoltLithium/status/1689659929672441856?s=20 Posted on behalf of Volt Lithium Corp.