TSXV:VLT - Post Discussion
Post by
MarketMakerss on Oct 16, 2023 7:08pm
Goldman Sachs on Direct Lithium Extraction
The electric vehicle revolution continues to reshape the energy industry, offering a unique opportunity for lithium extraction from brine, a once-regarded by-product of oil and gas drilling.
With this, oil and gas giants, including Exxon Mobil and Chevron, are actively exploring pilot projects to extract lithium from brine, diversifying their revenue streams amidst this evolving energy transition.
Within this landscape, Volt Lithium (VLT.v VLTLF, 40M Market Cap) has emerged as a high potential opportunity with its game-changing lithium discovery and innovative IES-300 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".
Engineered to extract lithium from oilfield brines, VLT's DLE technology 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.
With a PEA upcoming, VLT plans to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property. Showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
Offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.
Posted on behalf of Volt Lithium Corp.
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