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Goat Industries Ltd C.GOAT

Alternate Symbol(s):  BGTTF

Goat Industries Ltd. is a Canada-based investment issuer. The Company is a business focused on investments and acquisition of assets within the ocean economy, concentrating in the functional foods, plant-based proteins, food technology, fermented foods, cultured and cell agriculture spaces as well as the mining industry. The Company plans to generate returns on its investments, including through mergers or acquisitions, go public transactions or other liquidity events of its investee companies or projects.


CSE:GOAT - Post by User

Post by VbayNo2on Nov 11, 2022 3:37am
354 Views
Post# 35090574

Serious Demand Picking up for DLE Technology in 🇨🇦

Serious Demand Picking up for DLE Technology in 🇨🇦

 

Grounded Lithium hires Hatch for DLE evaluation

2022-10-19 11:10 ET - News Release

 

Mr. Gregg Smith reports

GROUNDED LITHIUM ENGAGES HATCH LTD TO CONDUCT EVALUATION OF DIRECT LITHIUM EXTRACTION TECHNOLOGY ALTERNATIVES 

Grounded Lithium Corp. has executed a direct lithium extraction (DLE) test work support and evaluation contract with Hatch Ltd. Working with Grounded Lithium's in-house expertise, Hatch will advance the company's strategy to evaluate available DLE alternatives and choose the one that preferentially extracts lithium from the company's brine resources.

Hatch is an internationally recognized engineering, project management and professional services firm. Hatch has considerable experience in direct lithium extraction, starting its engineering services in this area in 2010 completing noteworthy reviews, assessments and project commissioning in over 50 different lithium projects worldwide, ranging from unconventional brine resources in legacy oil fields, salars, geothermal, tailings and other lithium resources. In particular, Hatch has relevant experience on other Western Canadian lithium brine projects. Grounded Lithium's in-house consultant, Dr. Wayne Monnery, who holds a PhD in chemical engineering with experience in DLE technologies, will work closely with Hatch to advance the company's understanding of a variety of unique technology providers leading to a selection of a preferred vendor.

The Hatch contract will span four to five months. Initially, this assessment will focus on up to four diverse possible technologies. Following completion of initial reviews, two main technologies will be selected for bench-scale test work that culminates in one chosen technology to serve two main near-term objectives: (1) provide inputs to a fulsome preliminary economic assessment; and (2) form the basis of the company's lab pilot leading into a commercial demonstration facility or field pilot. With Hatch's prior experience in this area and specifically on other Western Canadian lithium from brine projects, the company leverages both time and resources to achieve meaningful results in a timely fashion.

"We are extremely delighted to be working with such an industry-recognized expert in this field as we select the most appropriate extraction and processing technology for our Kindersley lithium project," commented Gregg Smith, president and chief executive officer. "We have remained steadfast to our core value of being a resource development company first and foremost. The Hatch contract enables GLC to allocate manpower and capital to activities which prove the extent and deliverability of our resource base and enhancing the corporate profile in the public markets, while at the same time advancing the very important technology assessment with minimal capital. The analysis and future plans benefit from the extensive brine production data collected in the field from GLC's independent operations. Our technical team can work collaboratively with Hatch in this crucial process to select the methodology that moves our project forward and maximizes value creation."

About Grounded Lithium Corp.

Grounded Lithium is a publicly traded lithium brine exploration and development company that controls 2.9 million tonnes of lithium carbonate equivalent of inferred resource over the company's focused landholdings in southwest Saskatchewan. Grounded Lithium's multifaceted business model involves the consolidation, delineation, exploitation and ultimately development of the company's opportunity base to fulfill its vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift.

We seek Safe Harbor.

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