Volt Lithium Corp. (Ticker: VLT.v or VLTLF for US investors) is making significant strides in the world of lithium extraction. With a distinct focus on producing lithium from oilfield brines in Northwest Alberta, Volt Lithium has set its sights on its Rainbow Lake Project. This property spans an expansive 430,000 acres and encompasses a substantial estimated lithium resource of 4.3 million tons.
Revolutionizing with Advanced Technology and Abundant Resources
What distinguishes Volt Lithium is not just its considerable resource potential, but also its cutting-edge technology for efficient lithium extraction. The proprietary extraction process, consisting of two integral phases – brine treatment and the innovative IES-300 Direct Lithium Extraction Technology eliminates up to 99% of impurities from lithium-enriched oilfield brine and recovers a remarkable up to 93% of the lithium content.
Significant Progress in Pilot Production
Volt Lithium has been consistently committed to advancing operations from the laboratory to pilot scale, resulting in a notable achievement – the successful extraction of lithium from low concentration brines in a simulated commercial environment. Through their pilot production initiative, they achieved an impressive 90% lithium recovery rate from brines with concentrations as low as 34 milligrams per liter.
Efficient Utilization of Low Concentration Brines
Volt Lithium stands out for its proficiency in handling low concentration brines. While many players in the industry prioritize high concentration sources, Volt Lithium's technology allows them to effectively extract lithium from sources with lower concentrations. This strategic approach holds significance, particularly due to the wider availability of these lower concentration sources.
Trimming the Fat for Focus
Yesterday, Volt Lithium announced that they've terminated option agreements to purchase copper properties, streamlining their focus on being North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine.
Full press release here: https://voltlithium.com/wp-content/uploads/2023/08/23-08-17-Volt-News-Release-re-Termination-of-Options-SK-and-Stateline-FINAL.pdf Posted on behalf of Volt Lithium Corp.