Today, VLT.v closed 10% up on high volume.
With its proprietary lithium extraction technology, Volt Lithium (Ticker: VLT.v or VLTLF for US investors) is well-positioned to capitalize on the onshoring of North American manufacturing and the global electric vehicle (EV) revolution.
Revolutionizing Lithium Extraction:
Setting itself apart from conventional mining methods, VLT focuses on extracting lithium from oilfield brines, establishing itself as a pioneering "briner." Through collaboration with an existing oil field operator, VLT employs a two-step extraction process. This process involves treating oilfield brine to eliminate contaminants, followed by the utilization of their cutting-edge IES-300 technology for highly efficient lithium extraction.
Impressive Pilot Project Results:
In a recent pilot project, VLT achieved remarkable lithium recoveries of up to 97%, while successfully maintaining operating costs below CAD$4,000 per tonne. These results underscore the effectiveness and economic viability of VLT's innovative extraction process, positioning the company as a frontrunner in the industry.
Volt's Next Steps:
Following the successful execution of the Pilot Project VLT plans to establish a permanent pilot plant to further refine their IES-300 technology, optimize reagent usage, and improve operating conditions. The company aims to drive down operating costs to enhance economics and pave the way for commercial operations.
Volt will also initiate the preparation of a Preliminary Economic Assessment and advance the engineering design phase to determine the optimal commercial parameters for its DLE process. VLT's ultimate goal is to achieve commercial production by the second half of 2024.
To learn more about VLT and its successful pilot production program, please visit: https://voltlithium.com/wp-content/uploads/2023/05/Volt-Lithium-Corp.-Announces-Pilot-Project-Results.pdf Posted on behalf of Volt Lithium Corp.