Direct Lithium Extraction (DLE) has been making waves in the industry, endorsed as a "game-changing" technology by Goldman Sachs. Holding the promise of revolutionizing lithium supply from brine projects, DLE has the potential to double lithium production by achieving higher recoveries and improved project returns.
This advancement is poised to reshape the lithium extraction industry, particularly in the context of the electric vehicle revolution, presenting a unique opportunity for brine-based lithium extraction (Source: https://twitter.com/GreenStocksRes/status/1712466752448462904/photo/)
In response to this paradigm shift, major players in the oil and gas industry, including Exxon Mobil and Chevron, are actively venturing into pilot projects for lithium extraction from brine, thus diversifying their revenue streams amidst this evolving energy transition.
Amid this dynamic landscape, Volt Lithium (VLT.v VLTLF, 40M Market Cap) has emerged as a high potential opportunity, boasting a groundbreaking lithium discovery and innovative IES-300 DLE technology.
Positioned as a "growing, pure-play lithium development and technology company", VLT is aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine.
Engineered to extract lithium from oilfield brines, VLT's DLE technology boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
With a PEA upcoming, VLT plans to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property. Showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
Offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.
For more information, check out this insightful Streetwise Reports article from Michael Ballanger which deems VLT as a "life-changing find": https://www.streetwisereports.com/article/2023/08/22/volt-lithium-a-life-changing-find.html
Posted on behalf of Volt Lithium Corp.