TSXV:VLT - Post Discussion
Post by
MarketMakerss on Aug 15, 2023 5:58pm
"Lithium Exploration in Canada"
Alberta hosts a few major advanced projects including E3 Lithium's (ETL, $211M market cap) Bashaw prefeasibility stage lithium brine project, LithiumBank's (LBNK, $48M market cap) Boardwalk Lithium Brine Project and Volt Lithium's (VLT.v VLTLF, $20M market cap) Rainbow Lake Pre-PEA Lithium Project.
VLT's Rainbow Lake Project has a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. Currently, VLT is on track to release its PEA this summer and expects to produce 1,000 tonnes of lithium hydroxide from Rainbow Lake by the end of June 2025.
Most notable, however, is VLT's innovative IES-300 DLE technology which focuses on removing lithium from oilfield brines. Boasting impressive capabilities, VLT's DLE technology enables 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.
Having recently closed a financing for approximately $6.8M, VLT is well capitalized to execute its focus and is on track to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property.
Additionally, VLT accelerated its potential for domestic lithium production through its strategic collaboration with two cutting-edge nanotechnology labs. This partnership is focused on removing contaminants from oilfield brine to use in VLT's DLE technology, offering a compelling opportunity to oil and gas operators, presenting a win-win situation by adding value to existing oilfield operations.
Posted on behalf of Volt Lithium Corp.
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