VLT: Innovative DLE Technology and Pilot Production Program As the demand for electric vehicles and other modern electric technologies continues to rise, the need for lithium is expected to skyrocket. As described in the video below the Canadian Government is responding to this by increasing its support for the mining industry and the extraction of critical minerals such as lithium.
The video also highlights Volt Lithium Corp. (Ticker: VLT.v or VLTLF for US investors), which is looking to bolster Canada's lithium production with its unique lithium extraction method.
VLT is a trailblazer in the North American lithium sector, aiming to become the region's first commercial producer of lithium hydroxide and lithium carbonates extracted from oilfield brine. Leveraging its innovative IES-300 DLE technology, VLT extracts lithium efficiently from lower-grade brines, challenging the traditional "Grade is King" approach and supporting the clean energy transition.
With a strategic lithium production agreement with oil producer Cabot Energy, VLT utilizes its management's hydrocarbon expertise and existing infrastructure to efficiently extract lithium deposits from established wells, reducing capital costs and risks. Their proprietary extraction process involves two stages, removing 99% of contaminants from lithium-infused brine and extracting 93% of lithium, leading to reduced capital costs.
VLT has successfully transitioned from bench-scale testing to pilot production, achieving a remarkable lithium recovery rate of up to 90%. The company's seamless integration into existing oil and gas production infrastructure streamlines their operations, providing a competitive edge with minimal greenfield project approvals.
Their world-class lithium land base in Alberta's Rainbow Lake area offers significant opportunities for lithium extraction, with optimal concentrations being evaluated, reaching up to 121 mg/L. With ~435,000 acres of land and over 1,300 producing wells, VLT demonstrates the potential to become a leading domestic lithium producer.
More here: https://emergingmarketsconsulting.com/volt-lithium/ Posted on behalf of Volt Lithium Corp.