The burgeoning lithium sector is poised for exponential growth, and the extraction of lithium from oilfield brines is emerging as a compelling avenue within this domain. The allure lies in the abundant availability of oilfield brines, an immense and largely untapped reservoir of this crucial metal.
One company making big strides in the realm of lithium extraction is Volt Lithium Corp. (Trading as VLT.v or VLTLF for US shareholders). Their focus centers on the extraction of lithium from oilfield brines at the expansive Rainbow Lake Project in Northwestern Alberta, which spans 430,000 acres. Here, a substantial lithium resource, estimated at a staggering 4.3 million tons, awaits harnessing.
Volt employs a proprietary extraction process that encompasses two pivotal phases: brine treatment and the groundbreaking IES-300 Direct Lithium Extraction Technology. This advanced method excels in eliminating up to 99% of impurities from lithium-enriched oilfield brine while successfully recovering as much as 90% of the lithium content.
Volt Lithium recently shared that it is doubling down on its lithium endeavors by terminating the option agreements tied to the acquisition of copper properties. This strategic maneuver underscores their unwavering commitment to becoming North America's pioneering commercial producer of lithium hydroxide and lithium carbonates sourced from oilfield brine.
What sets Volt Lithium apart is their relentless dedication to advancing operations, progressing from laboratory experimentation to pilot-scale execution. Their recent achievements include the successful extraction of lithium from low-concentration brines within a simulated commercial environment, resulting in an impressive 90% lithium recovery rate from brines containing as little as 34 milligrams per liter.
Company Website: https://voltlithium.com/
Posted on behalf of Volt Lithium Corp.