Volt Lithium Corp V.VLT

Is Big Oil Moving to Big Lithium?

[MarketMakerss]

Is big oil moving to big lithium? As the demand for electric vehicles continues to increase alongside the demand for lithium, major US oil companies have shifted their sights to lithium, a crucial component in EV batteries. Citing lithium's natural fit for a company with a strong background in oil and gas extraction, both Chevron (CVE) and Exxon Mobil (XOM) have expressed interest in lithium production - https://thedeepdive.ca/is-big-oil-moving-to-big-lithium/

With a focus on extracting lithium from oilfield brines, Volt Lithium (VLT.v VLTLF) stands out as a trailblazer in the sector, aligning perfectly with the interests of Chevron & Exxon Mobil

While maintaining commercial viability, VLT's innovative IES-300 DLE technology boasts impressive capabilities, enabling lithium recoveries of 90% from concentrations as low as 34 mg/L as well as 97% recoveries using 120 mg/L concentrations.

VLT will initially be implementing its DLE production method at its Rainbow Lake Property where the resource report has revealed a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. Providing a robust foundation, VLT is preparing the Rainbow Lake PEA to be released this summer ahead of its DLE implementation in the second half of 2024.

VLT's production of lithium from oilfield brines is further strengthened by its strategic collaboration with two cutting-edge nanotechnology labs, focused on removing contaminants from oilfield brine to use in VLT's DLE technology.

This milestone accelerates the potential for domestic lithium production while offering a compelling opportunity for oil and gas operators, presenting a win-win situation by adding value to existing oilfield operations

Posted on behalf of Volt Lithium Corp.