The global lithium sector is experiencing a wave of excitement driven by the soaring demand for lithium, a critical component in the electric vehicle (EV) industry. Among the companies making significant strides in this sector is Volt Lithium (ticker: VLT.v or VLTLF for US investors), which stands out with its unique position and groundbreaking lithium extraction technology.
With its Direct Lithium Extraction (DLE) technology, Volt can extract lithium from oilfield brines with relatively low lithium concentrations. By unlocking this potential, Volt's technology opens up previously untapped value by enabling the economical extraction of lithium from oil field reservoirs.
With highly competitive operational expenses amounting to $2,900 US per ton of lithium hydroxide, Volt showcases its ability to optimize costs effectively. The company also leverages Cabot Energy's existing infrastructure for brine extraction, streamlining its operations. This strategic partnership eliminates the need for costly new infrastructure or permits, further enhancing Volt's operational efficiency and cost-effectiveness.
Volt Lithium has set ambitious production targets to capitalize on the growing market demand. Starting with a production target of 1,000 tons by 2024, the company aims to rapidly scale up its operations, targeting 7,500 metric tons of lithium by 2025. Looking ahead, Volt aspires to achieve an annual production level of 20,000 tons from 2026 onwards, establishing itself as a major player in the lithium market.
Check out this Volt CEO interview for more info:
Posted on behalf of Volt Lithium Corp.