The global demand for Li-ion batteries is projected to experience a significant surge in the next decade. The required capacity is expected to rise from approximately 700 GWh in 2022 to around 4.7 TWh by 2030, with electric vehicles (EVs) driving the majority of this demand at about 4,300 GWh due to the rapid growth of mobility.
https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/battery-2030-resilient-sustainable-and-circular
With the increasing demand for electric vehicles (EVs), the importance of efficient lithium extraction has become paramount. Volt Lithium (Ticker: VLT.v or VLTLF for US investors) stands out with their innovative approach and proprietary technology, enabling high lithium recoveries at lower costs. Their goal is to become the first commercial producer of lithium extracted from oilfield brines.
Notably, VLT.v experienced a 10% increase in stock price today, accompanied by trading volume nearly double its average.
VLT implements a two-step extraction process that involves treating oilfield brine to eliminate contaminants and utilizing their IES-300 technology for lithium extraction. This approach significantly reduces the required amount of reagents, leading to substantial cost savings.
In a recent pilot project, VLT achieved remarkable lithium recoveries of up to 97% for oilfield brine and maintained operating costs below CAD$4,000 per tonne.
Learn more at Volt's website here:https://voltlithium.com/ Posted on behalf of Volt Lithium Corp.