TSXV:VLT - Post Discussion
Post by
MarketMakerss on Sep 27, 2023 4:00pm
"How new Li extraction tech could help us meet EV targets"
″The auto industry requires a 20x increase in lithium supply, and there’s just no way to achieve that type of growth with conventional technologies,”
As our world transitions to cleaner and greener energy, the demand for electric vehicles is set to grow alongside lithium demand exponentially. However, while the world contains vast quantities of lithium, the majority of the world's lithium reserves are found in brine, creating a robust market for brine mining and direct lithium extraction (DLE).
Within this landscape, Volt Lithium (VLT.v VLTLF, 40M Market Cap) has emerged as a high potential opportunity in the industry, driven by its strong position in the lithium market and innovative DLE technology.
Aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine, VLT is a "growing, pure-play lithium development and technology company " having gained prominence as a "life-changing" lithium find with its innovative IES-300 DLE technology.
VLT's DLE technology is engineered to extract lithium from oilfield brines and boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
Furthermore, VLT's Rainbow Lake Property showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. On track to implement its DLE production method by the second half of 2024 following a PEA later this year, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
In removing contaminants from oilfield brine for use in their DLE technology, VLT offers a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations.
Posted on behalf of Volt Lithium Corp.
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