As explained in the BayStreet article below, the lithium sector is witnessing heightened attention and activity due to the urgent global demand for lithium supply, driven by the EV industry's growth and the pressing need for sustainable energy solutions.
https://www.baystreet.ca/articles/stockstowatch/90041/The-Top-Reasons-to-Invest-in-Lithium-Stocks-Immediately
Volt Lithium Corp. (Ticker: VLT.v or VLTLF for US investors) is advancing significantly in the field of lithium extraction by striving towards becoming the first company in North America to produce lithium from oilfield brine.
VLT controls the lithium extraction rights for the 430,000-acre Rainbow Lake Project. Lithium has already been discovered on this property, significantly reducing VLT's capital expenditure. Overall the project boasts an estimated lithium resource of 4.3 million tons.
What further sets VLT apart is its innovative technology for efficient lithium extraction. The unique extraction process, comprising two key phases – brine treatment and VLT's groundbreaking IES-300 Direct Lithium Extraction Technology – eliminates up to 99% of impurities from lithium-enriched oilfield brine and recovers an impressive 93% of the lithium content.
The company has achieved notable progress in moving from laboratory to pilot-scale extraction operations. During VLT's pilot production program, the company achieved an impressive 90% lithium recovery rate from brines containing as little as 34 milligrams per liter.
VLT revealed that it is doubling down on its lithium endeavors by terminating previously held option agreements to acquire copper properties. This decision aligns with VLT's focus on becoming North America's pioneer in commercial lithium hydroxide and lithium carbonate production from oilfield brine.
Full News Here:https://voltlithium.com/wp-content/uploads/2023/08/23-08-17-Volt-News-Release-re-Termination-of-Options-SK-and-Stateline-FINAL.pdf Posted on behalf of Volt Lithium Corp.