TSXV:VLT - Post Discussion
Post by
MarketMakerss on Feb 12, 2024 5:43pm
Volt Featured on CIM Magazine
Advancing its aim to be the first company in North America to commercialize extracting lithium from brine, Volt Lithium (VLT.v VLTLF) met a major milestone with the successful production of 99.5% battery-grade lithium carbonate, a commercial and saleable lithium product, at its permanent demonstration plant in Calgary, Alberta.
In processing oilfield brine from the Keg River formation at its Rainbow Lake Alberta asset, VLT was able to produce a commercially viable product of lithium carbonate through the use of its proprietary and proven next-generation direct lithium extraction technology (DLE).
Recovering up to 98% of the lithium in the process, VLT's three-stage lithium extraction process utilizes oil field brine to extract lithium eluate and concentrate it into a 99.5% lithium carbonate that meets battery grade specifications for the EV industry.
This serves as a significant step forward for VLT's commercialization of the chemical compound and in reaching its goal of becoming North America's firt commercial producer of lithium carbonates and lithium hydroxide from oilfield brine.
VLT President & CEO, Alex Wylie, commented:
“Bringing the full-cycle process in-house greatly reduces the cost to produce lithium carbonate, which is expected to enhance margins and position Volt as a low-cost operator,”
“We believe oil and gas producers across North America who are keen to monetize value from their produced water can benefit from Volt’s fully self-contained, cost-effective and environmentally sustainable solution to help meet the world’s growing need for lithium.”
Furthermore, Vice President R&D and Technical Services, John McEwen, PhD, stated:
“Having the Demonstration Plant offers a key differentiator for Volt relative to our peers, as it enables us to simulate field operations while testing brines from all over North America. Having this capability further allows the Company to prove the broad utility of our DLE technology as we efficiently advance towards a marketable product.”
Posted on behalf of Volt Lithium Corp.
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