Revolutionizing Lithium Production: VLT's Two-Step Method The global lithium industry, leading the way in clean energy innovation, is on the verge of an extraordinary journey. As the world embraces the shift towards electric vehicles and sustainable energy, lithium assumes a crucial role in achieving these objectives. Meeting the increasing demand will require a substantial boost in production.
Volt Lithium Corp. (Ticker: VLT or VLTLF for US investors) is pioneering methods to extract lithium from a previously untapped source, oilfield brines, to meet this growing demand
Today, VLT's stock closed up 8% on robust trading volume, marking a 136% increase over the year.
VLT employs a distinctive two-step extraction process, which involves brine purification and its innovative IES-300 Direct Lithium Extraction Technology. This approach can eliminate 99% of impurities from lithium-enriched oilfield brines and reclaims up to 93% of the lithium content.
VLT has successfully conducted pilot production plant operations for its flagship Rainbow Lake Lithium Project, demonstrating the effectiveness of its DLE extraction method beyond laboratory testing.
The pilot project revealed that VLT's unique 2-step Direct Lithium Extraction (DLE) process can yield high lithium yields from low-concentration oilfield brines at low costs.
Notably, VLT achieved a 90% lithium recovery rate from brines with concentrations as low as 34 milligrams per liter. With projected operating costs expected to remain below CAD$4,000 per tonne at a concentration of 120 mg/L, this holds the promise of delivering strong economic outcomes.
With these achievements, VLT is currently preparing a Preliminary Economic Assessment (PEA) for the Rainbow Lake Project which it plans to release before the end of the month. The company is in the final stages of determining the capital and operating costs for a 20,000-tonne-per-annum lithium plant.
More here: https://stockhouse.com/news/press-releases/2023/10/24/volt-lithium-announces-expanded-capabilities-beyond-rainbow-lake-enabling
Posted on behalf of Volt Lithium Corp.