Global lithium supplies not likely to meet demand As lithium has emerged as a key component in clean and green energy, it's demand has skyrocketed, further fueled by the accelerated demand for EVs. However, lithium producers are continuing to warn that global supplies are not likely to meet EV demand, creating a significant market opportunity for new sources to come online and alleviate the deficit. (source: https://www.reuters.com/markets/commodities/lithium-producers-warn-global-supplies-may-not-meet-electric-vehicle-demand-2023-06-22/)
With its proprietary ground-breaking IES-300 DLE technology, Volt Lithium (VLT.v VLTLF) stands out as a trailblazer in this sector by focusing on producing lithium from oilfield brines.
VLT's innovative DLE technology boasts impressive capabilities, enabling lithium recoveries of 90% from concentrations as low as 34 mg/L as well as 97% recoveries using 120mg/L concentrations. Remarkably, this is all while maintaining commercial viability.
Furthermore, VLT on track to implementing this DLE production method at their Rainbow Lake Property, slated for the second half of 2024, where the initial resource report revealed a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. This provides a robust foundation for VLT ahead of the Rainbow Lake PEA which is expected to be released this summer.
Recently, VLT strengthened its position in the lithium industry through its strategic collaboration with two cutting-edge nanotechnology labs. This collaboration not only accelerates North American lithium production but additionally prioritizes environmentally conscious water management: https://emergingmarketsconsulting.com/amplifying-north-american-lithium-production-07-17-2023/
By harnessing the power of nanotechnology, this collaboration focuses on the removal of contaminants from oilfield brine for use in VLT's DLE technology. This marks a significant milestone for VLT in advancing its efforts to achieve commercially and economically viable lithium extraction.
It's worth noting that this partnership not only accelerates the potential for domestic production of lithium but additionally offers a compelling potential opportunity for oil and gas operators. By adding value to existing oilfield operations while offering a solution for responsible water management, this presents a win-win situation for multiple stakeholders.
See VLT's latest webinar with Energy Prospectus Group, highlighting their corporate presentation, recent news and expectations for the future here: https://twitter.com/voltlithium/status/1681666726352527363?s=46&t=WI8lw8MoN5OqPfJMCKEOqg
Posted on behalf of Volt Lithium Corp.