ExxonMobil's innovative lithium extraction initiative, utilizing its oil drilling expertise and environmentally friendly technology, signals a positive step for the lithium sector by showing that massive companies are interested in addressing the growing demand for electric vehicle batteries with groundbreaking approaches.
Source: https://www.aol.com/finance/wall-street-bullish-exxons-lithium-212803836.html
In anticipation of future lithium supply challenges in North America, Volt Lithium (Ticker: VLT or VLTLF for US investors) is actively pioneering a novel and cutting-edge approach to lithium extraction.
The company is developing a unique 2-stage Direct Lithium Extraction technology for lithium found in oilfield brines, effectively eliminating 99% of contaminants in the first stage and extracting up to 90% of lithium in the second stage.
This approach results in reduced overall capital costs for operations and seamlessly integrates into existing oil and gas production infrastructure. Validated through lab testing and a pilot production program, Volt Lithium has commissioned a permanent Demonstration Plant for its extraction technology.
Initially designed for the Rainbow Lake lithium brine project, estimated to contain 99 billion barrels of lithium-infused brine, Volt Lithium has recently announced plans to extend its extraction technology to oilfield brines across various basins in North America through its demonstration plant.
This strategic expansion broadens the company's industry applications, creating opportunities for partnerships and collaborations, and significantly increasing its potential reach and impact.
Full Press Release: https://voltlithium.com/wp-content/uploads/2023/10/23-10-24-Press-Release-N.-America-Brines-Expansion-FINAL-CLEAN.pdf
Posted on behalf of Volt Lithium Corp.