With increasing stress on the lithium supply chain due to demand from the electrical vehicle market, Volt Lithium Corp. (Ticker: VLT or VLTLF for US investors) is pioneering methods to extract lithium from oilfield brines, an abundant but so far widely untapped source.
VLT closed another 6% in the green today putting it up 21% over the week.
VLT employs a proprietary two-step extraction process that comprises brine purification and its innovative IES-300 Direct Lithium Extraction Technology. This methodology can eliminate up to 99% of impurities from lithium-enriched oilfield brines and recover as much as 93% of the lithium content.
This year, VLT validated the efficiency of its DLE extraction method outside of laboratory testing by conducting successful pilot production plant operations for its Rainbow Lake Lithium Brine Project.
The pilot project unveiled the capability of VLT's distinctive two-step Direct Lithium Extraction (DLE) process to yield significant lithium yields from low-concentration brines at a cost-effective rate.
Notably, VLT achieved an impressive 90% lithium recovery rate from brines with concentrations as low as 34 milligrams per litre during the pilot. With anticipated operating costs expected to remain under CAD$4,000 per tonne at a concentration of 120 mg/L, this presents a promising prospect for achieving strong economic outcomes.
In light of these accomplishments, VLT is presently in the process of preparing a Preliminary Economic Assessment (PEA) for the Rainbow Lake Project, set for release before the end of the month.
The company is also in the final stages of determining the capital and operating costs for a 20,000-tonne-per-annum lithium plant.
Company Deck: https://voltlithium.com/wp-content/uploads/2023/10/23-10-06-Volt-Lithium-Oct-Full-Deck-FINAL.pdf
Posted on behalf of Volt Lithium Corp.