Transforming Lithium Extraction for the Future The global demand for lithium has been surging, driven by the ever-expanding market for electric vehicles (EVs), renewable energy storage systems, and portable electronics. As the world continues to transition toward cleaner and more sustainable technologies, lithium has become a critical component in powering these advancements, leading to increased exploration and innovation in the lithium sector.
Amid this backdrop of growing lithium demand, Volt Lithium (TSXV: VLT) emerges as a key player with a groundbreaking extraction technology poised to reshape the industry. Led by CEO Alex Wylie and a team of seasoned oil and gas industry experts, Volt Lithium is pioneering a revolutionary approach to lithium extraction, setting the stage for substantial advancements in lithium production and supply chain efficiency.
The primary objective for Volt Lithium was clear: develop a technology capable of extracting lithium from oilfield brines across the concentration spectrum. Leveraging their fluid movement expertise from the oil and gas industry, they devised a two-stage process that has yielded impressive results.
Using Volt's proprietary DLE technology, the company reported in late May that their pilot project achieved remarkable lithium recoveries of up to 90% at concentrations as low as 34 mg per litre. Simulations also suggest that annual production of 20,000 tonnes of lithium hydroxide monohydrate could be achieved at operating costs below $4,000 per tonne.
Looking ahead, Volt Lithium has set ambitious goals for commercial production, aiming to process 60,000 barrels of fluid per day in the first stage. Achieving this milestone would enable the production of 1,000 to 1,500 tonnes per year of lithium hydroxide, representing significant revenue potential.
With its potentially game-changing technology, Volt Lithium is poised to leverage its oil and gas expertise to make a significant impact in the emerging lithium extraction industry. Their goal is to achieve commercial-scale operations by 2024.
Full article here: https://www.northernminer.com/news/volt-eyes-lithium-big-league-with-breakthrough-extraction-technology/1003856172/
Posted on behalf of Volt Lithium Corp.