TSXV:VLT - Post Discussion
Post by
MarketMakerss on Sep 05, 2023 5:00pm
Updated Investor Presentation
Michael Ballanger of GGM Advisory cited VLT as a game-changing lithium find amid the escalating demand for lithium and essential battery metals driven by electric vehicle manufacturing, stemming from VLT's innovative IES-300 DLE technology.
Designed for the extraction of lithium from oilfield brines, VLT's DLE technology boasts an impressive lithium recovery rate, reaching 90% from concentrations as low as 34 mg/L and soaring to remarkable 97% recoveries using 120mg/L concentrations, all while maintaining commercial viability.
In removing contaminants from oilfield brine to use in their DLE technology, VLT additionally offers a compelling opportunity to oil and gas operators, presenting a win-win situation by adding value to existing oilfield operations.
Further emphasizing VLT's potential is its Rainbow Lake Project which showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. Currently on track to release a PEA for Rainbow Lake this year, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
Fortified by a recent financing round of approximately $6.8M, VLT is equipped with the necessary capital required to execute its focus, including the implementation of its DLE production method by the second half of 2024 at its Rainbow Lake Property.
Posted on behalf of Volt Lithium Corp.
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