"A Revolution Inside a Revolution" Volt Lithium(VLT.v VLTLF) As Electric Vehicles continue to replace gas powered cars, the hype and interest surrounding lithium will continue to grow. With a range companies entering the sector, it's important to look for the innovators cutting their own path either through "better deposits or potentially game changing technology" that can be scaled to monetize multiple assets.
Volt Lithium (VLT.v VLTLF) is one company that stands out in this industry, having made a novel and unprecedented breakthrough confirming commercial lithium extraction at low concentrations was made.
The success of VLT's pilot project testing its proprietary DLE extraction technology and confirming 90% lithium recovery and commercial economics has the potential to revolutionize the lithium extraction industry.
For more information, check out this Emerging Market Report detailing the significance of VLT's pilot project results: https://www.globenewswire.com/news-release/2023/06/06/2682681/0/en/Emerging-Markets-Report-A-Revolution-Inside-a-Revolution.html
In a simulated commercial environment, the project proved VLT's ability to achieve 90% lithium recoveries at concentrations as low as 34 mg/L as well as 97% recoveries using 120mg/L concentrations with operating costs under CAD$4,000 per tonne.
Notably, the project proved VLT's DLE technology can maintain 90% lithium recoveries in concentrations as low as 34 mg/L while still maintaining commercial economics. This is an achievement yet to be reported by other producers.
Alex Wylie, President and CEO of VLT, commented: “These results confirm that Volt's proprietary technology is a true game-changer. With this accomplishment, we are poised to lead the way in North America as the first commercial producer of lithium from oilfield brines, which we are targeting for the second half of next year.”
This technology additionally enables easy expansion to other projects as it confirms that VLT is able to open up any major oilfield in North America that has ~50mg/L lithium and produce commercially from it.
These results follow the release of an initial resource report indicating 4.3M tonnes of lithium resource with concentrations up to 121mg/L at VLT's Rainbow Lake Property and set the stage for VLT to prepare its PEA.
Rainbow Lake is a world-class land base with over 100 years of production potential and some of the highest concentrations of lithium seen in Alberta.
With this, VLT's potential has significantly increased potential and, to drive strong economic returns and robust cash flows. VLT will be focusing development on the areas containing the highest lithium concentrations and plans to issue the Rainbow Lake PEA this summer with initial commercial production in the second half of 2024.
With a large amount of interest in offtakes from buyers, VLT is well-positioned for success and growth once in commercial production due to its technically-focused strategy targeting profitable commercial production of lithium from oilfield brine.
For more information, check out these resources:
Pilot Project Results: https://voltlithium.com/wp-content/uploads/2023/05/Volt-Lithium-Corp.-Announces-Pilot-Project-Results.pdf
Initial Resource Report: https://voltlithium.com/wp-content/uploads/2023/05/23-05-18-2023-Volt-Resource-Report_Final.pdf
Posted on behalf of Volt Lithium Corp.