Volt Lithium Corp VLTLF

ExxonMobil Unveils Lithium Development & DLE Plan

[MarketMakerss]

ExxonMobil has unveiled its major plan to develop lithium for electric vehicle batteries using direct lithium extraction (DLE) at an Arkansas formation by 2027: https://www.axios.com/pro/climate-deals/2023/11/13/exxon-lithium-mining-smackover-arkansas-evs

Emerging as a game-changing technology for lithium supply, DLE can double lithium production while reducing environmental damage in a process that leverages Exxon's oil and gas drilling experience.

Having expanded its capabilities beyond its Rainbow Lake Lithium Project with a permanent demonstration plant, capable of testing oilfield brines from multiple basins across North America in real-time, Volt Lithium (VLT.v VLTLF) has emerged as a leading DLE company with impressive lithium recovery rates.

Building on its Pilot Plant operations, VLT's demonstration plant incorporates technological improvements and opens a vast market opportunity for VLT by enabling the use of its proprietary Direct Lithium Extraction (DLE) technology to extract lithium regardless of the brine's original lithium concentrations.

Notably, 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.

In 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.

As discussed by Volt Lithium (VLT.v VLTLF) CEO Alex Wylie, there is a massive opportunity for oil and gas companies producing significant quantities of brine as part of their normal operations to collaborate with DLE companies to add value to existing operations: https://www.asce.org/publications-and-news/civil-engineering-source/civil-engineering-magazine/article/2023/10/new-methods-could-extract-large-lithium-stores-from-brine

Posted on behalf of Volt Lithium Corp.