Lithium ➡️ VLT.v Announces Successful Pilot Project Given the anticipated surge in lithium demand over the coming years, numerous investors are seeking promising junior lithium companies with high growth potential to invest in. Volt Lithium (Ticker: VLT.v or VLTLF for US investors) was recently featured on Kitco News after it announced successful results from a pilot project testing its proprietary direct lithium extraction (DLE) technology in a simulated commercial environment.
Read here: https://www.kitco.com/news/2023-05-24/Volt-Lithium-says-achieved-remarkable-pilot-project-results-targets-production-for-the-second-half-of-next-year.html
The pilot demonstrated lithium recoveries of 90% at concentrations from 34 mg/L up to 97% at concentrations of 120 mg/L with operating costs under CAD$4,000 per tonne.
Following the successful implementation of the Pilot Project, VLT plans to establish a permanent pilot plant to further enhance its DLE tech. The company aims to refine the reagent usage optimization and improve operating conditions to reduce operating costs, ensuring improved economics that are vital for commencing commercial operations.
These achievements set the stage for the preparation of a preliminary economic assessment. VLT aims to become the first commercial producer of lithium in North America from oilfield brines, targeting the second half of the following year for production.
With a vast landholding spanning 435,000 acres, VLT possesses the extensive Rainbow Lake Lithium Project, which harbors substantial lithium reserves within oilfield brines, boasting concentrations reaching up to 119 mg/L. Its DLE method is specifically designed to cater to the distinct qualities of the brines discovered at the Rainbow Lake site.
With its Rainbow Lake project, VLT aims to play a pivotal part in the electric vehicle battery supply chain by securing a significant position in the lithium market.
Learn more about VLT here: https://voltlithium.com/ Posted on behalf of Volt Lithium Corp.