The surging demand for electric vehicles, evidenced by 2022 witnessing record-breaking sales, has underscored the need for targeted lithium manufacturing and, utilizing its innovative IES-300 DLE technology, Volt Lithium (VLT.v VLTLF) is pioneering a transformative approach to lithium extraction from oilfield brines.
A significant milestone in commercial lithium extraction was achieved by VLT during its pilot project, as highlighted in this Emerging Markets Report: https://emergingmarketsconsulting.com/volt-emr-the-revolutionary-impact-of-direct-lithium-extraction-on-the-burgeoning-ev-market-06-21-2023/
By leveraging extraction technology that yields high lithium recoveries at lower costs, 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.
In comparison to other lithium brine developers, VLT's technology exhibits superior economics, positioning VLT to make a significant impact in the lithium extraction sector.
VLT will be implementing this method of production at its Rainbow Lake Property in the second half of 2024. Notably, the initial Rainbow Lake 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.