As the demand for electric vehicles continues to surge with 2022 witnessing record-breaking sales, the need for lithium manufacturing targets has been solidified.
Utilizing its innovative IES-300 DLE technology, Volt Lithium (VLT.v VLTLF) is one company that pioneering a transformative approach to lithium extraction from oilfield brines by leveraging extraction technology that yields high lithium recoveries at lower costs.
As detailed in this Emerging Markets Report, VLT's pilot project achieved a ground-breaking milestone in commercial lithium extraction from oilfield brines during its pilot project: https://emergingmarketsconsulting.com/volt-emr-the-revolutionary-impact-of-direct-lithium-extraction-on-the-burgeoning-ev-market-06-21-2023/
VLT's technology is capable of achieving remarkable lithium recoveries of 90% from concentrations as low as 34 mg/L as well as 97% recoveries using 120mg/L concentrations while maintaining commercial economics.
Showcasing superior economics when compared to other lithium brine developers at higher concentrations, VLT's technology has the potential to revolutionize the lithium extraction industry.
VLT will be undertaking this method of production at its Rainbow Lake Property in the second half of 2024 where the initial resource report revealed a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. These findings provide a solid foundation for VLT to progress toward its PEA which is expected to be released later this summer.
Posted on behalf of Volt Lithium Corp.