VLT.v Expands Reach as Western Li Miners Elevate Prices As explained by Reuters, Western lithium and graphite miners are implementing premium pricing for their materials in the electric vehicle (EV) supply chain, aiming to meet the demand for environmentally friendly and China-independent sources. This highlights the goal of Western governments to develop a non-Chinese lithium supply, following concerns about China's control over critical minerals and potential environmental issues in its mining industry.
Despite recent declines in lithium spot prices, some miners believe that customers, especially auto companies, will pay the premium for a secure, sustainable supply. The focus is on ensuring consistent, environmentally friendly supplies with higher standards, emphasizing the need for a guarantee of supply, material quality, and long-term sustainability.
https://www.mining.com/web/western-lithium-graphite-miners-boost-prices-for-esg-friendly-supply/
To help meet this growing demand for Western lithium, Volt Lithium (Ticker: VLT or VLTLF for US investors) is working to unlock lithium deposits from oilfield brines across North America with its unique 2-stage Direct Lithium Extraction technology.
In the first stage, 99% of contaminants are eliminated from lithium-infused brine and in the second stage as much as 90% of lithium is extracted from the brine, leading to decreased capital costs for the overall operation.
This advanced technology is being developed to be smoothly incorporated into the existing infrastructure of oil and gas production. So far this technology has been validated by lab testing and a pilot production program.
VLT has been developing this technology for its own lithium brine project at Rainbow Lake which is estimated to contain 99 billion barrels of lithium-infused brine. However, the company recently announced that it has commissioned a permanent Demonstration Plant for its extraction technology which can work with oilfield brines from basins across North America.
This move opens VLT up to broader industry applications, allowing the company to extend its innovative extraction technology beyond its proprietary Rainbow Lake lithium brine project.
With the commissioning of the permanent Demonstration Plant, VLT can now explore partnerships and collaborations to apply its cutting-edge extraction process to oilfield brines from various basins across North America, marking a significant expansion in its potential reach and impact.
Full Press Release: https://voltlithium.com/wp-content/uploads/2023/10/23-10-24-Press-Release-N.-America-Brines-Expansion-FINAL-CLEAN.pdf
Posted on behalf of Volt Lithium Corp.