Lithium is a crucial element in the production of rechargeable batteries for devices such as cell phones, laptops, digital cameras, and electric vehicles—a market that continues to grow, with the International Energy Agency predicting that nearly one in five new cars sold in 2023 will be electric.
A recent article 'Investor Ideas' article on Volt Lithium (Ticker: VLT.v of VLTLF for US investors) underlines the company's commitment to its business strategy, focusing on the commercial extraction of lithium from oilfield brines across North America.
VLT is a lithium development and technology company with the ambition of becoming North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. They have developed lithium extraction technology specifically tailored for low-concentration lithium found in oilfield brines, achieving extraction capabilities of up to 90% using their technology.
Their flagship Rainbow Lake project spans approximately 430,000 acres of land in Northwest Alberta and comprises over 1,300 producing wells, serving as a solid foundation for asset development, resource estimate expansion, and increased lithium concentration. Rainbow Lake has seen successful pilot production plant operations conducted in the spring of 2023.
With this VLT has commissioned its permanent Demonstration Plant, designed to test oilfield brines from various basins across North America beyond the Rainbow Lake Project. The permanent demonstration plant will enable the utilization of VLT's proprietary DLE (Direct Lithium Extraction) technology to extract lithium from brines, regardless of their original lithium concentrations.
VLT has noted that companies like EXXON and Chevron have also expressed their intent to make lithium extraction from oilfield brines a core competency once the technology is commercialized.
Technical analysts like Clive Maund see potential for VLT, rating it as an "Immediate Buy" based on its chart analysis. Michael Ballanger of GGM Advisory Inc. has noted the relevance of lithium in the current "Electrification Movement" and considers VLT a strong contender in the space, emphasizing its proximity to cash flow generation.
Full article here: https://menafn.com/1107320311/Canadian-Co-Confirms-Accelerated-Lithium-Extraction-Strategy
Posted on behalf of Volt Lithium Corp.