TSXV:VLT - Post Discussion
Post by
MarketMakerss on Oct 10, 2023 7:44pm
"Inside the race to remake lithium extraction for EVs"
As the primary bottleneck of widespread production and adoption of electric vehicles is our limited lithium supply, oil producers, tech startups and entrenched mining giants are being sucked into the global battle to reshape the lithium industry.
One company in particular, Volt Lithium (VLT.v VLTLF, 40M Market Cap), has made a name for itself with its game-changing lithium discovery and innovative IES-300 DLE technology.
Aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine, VLT is a "growing, pure-play lithium development and technology company".
Engineered to extract lithium from oilfield brines, VLT's DLE technology boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
With a PEA upcoming, VLT plans to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property. Showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
Offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.
Posted on behalf of Volt Lithium Corp.
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