"Hard Work Pays Off": VLT.v Conducts Successful Pilot Volt Lithium Corp. (ticker: VLT.v or VLTLF for US investors) has achieved a groundbreaking milestone in the lithium production industry.
The company's pilot lithium production project which was conducted to demonstrate its proprietary Direct Lithium Extraction (DLE) technology, achieved lithium recoveries of 90% at concentrations as low as 34 mg/L of lithium. Under simulated operating conditions at concentrations of 120 mg/L, the recovery rate reached 97% with operating costs below CAD$4,000 per tonne.
This achievement sets Volt apart from other lithium producers and paves the way for the company to be able to conduct commercial lithium extraction from oilfield reservoirs.
Volt's DLE technology utilizes a two-step extraction method that delivers higher yields at a lower cost, making it a game-changer in the industry.
There are several upcoming potential catalysts for the company, as it plans to:
- upgrade its resource estimate
- establish a permanent pilot plant
- progress the engineering design phase
- and achieve commercial production by the second half of 2024
Volt aims to become the first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine in North America. By achieving this milestone, Volt hopes to help fulfill the rising lithium demand brought on by the clean energy transition.
Learn more here: https://emergingmarketsconsulting.com/emr-volt-hard-work-pays-off-05-25-2023/ Posted on behalf of Volt Lithium Corp.