TSXV:VLT - Post Discussion
Post by
MarketMakerss on Jul 31, 2023 6:39pm
Institutional backing sets VLT up for success
With the rising popularity of electric vehicles and the growing demand for lithium, a crucial component in EV batteries, major US oil companies have redirected their attention to this valuable resource. Recently, both Chevron (CVE) and Exxon Mobil (XOM) have expressed interest in lithium production, considering its natural alignment with their expertise in oil and gas extraction: https://thedeepdive.ca/is-big-oil-moving-to-big-lithium/
Further aligning with the interests of Chevron & Exxon Mobil is Volt Lithium (VLT.v VLTLF), emerging as a trailblazer in the sector with a focus on extracting lithium from oilfield brines.
While the industry is oversaturated with juniors living on dilutive cheap financings and warrant exercises, VLT is one company that is getting serious money with institutional backing and likely going to soar once the money returns to the space.
What sets VLT apart from any competitors is its innovative IES-300 DLE technology which boasts impressive capabilities, enabling lithium recoveries of 90% from concentrations as low as 34 mg/L as well as 97% recoveries using 120mg/L concentrations, all while maintaining commercial viability.
VLT's production of lithium from oilfield brines is further strengthened by its strategic collaboration with two cutting-edge nanotechnology labs, focused on removing contaminants from oilfield brine to use in VLT's DLE technology.
This milestone accelerates the potential for domestic lithium production while offering a compelling opportunity for oil and gas operators, presenting a win-win situation by adding value to existing oilfield operations and advancing VLT's efforts toward achieving commercially and economically viable lithium extraction.
Furthermore, VLT will initially be implementing its DLE production method at its Rainbow Lake Property which has a substantial lithium resource of 4.3 million tonnes and concentrations reaching up to 121mg/L. Set to be implemented by the second half of 2024, VLT later expects to produce 1,000 tonnes of lithium hydroxide by the end of June 2025, resulting in CA$42 million in revenue.
Posted on behalf of Volt Lithium Corp.
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