TSXV:VLT - Post Discussion
Post by
MarketMakerss on Nov 10, 2023 6:27pm
VLT's Latest News Featured on Seeking Alpha
Building on its Pilot Plant operations, Volt Lithium (VLT.v VLTLF) has expanded its capabilities beyond its flagship Rainbow Lake Lithium Project with the commissioning of a permanent demonstration plant, capable of testing oilfield brines from multiple basins across North America in real-time: https://twitter.com/VoltLithium/status/1717993490938814542?s=20
The demonstration plant incorporates technological improvements from the pilot plant, opening a vast market opportunity for VLT by enabling the use of its proprietary Direct Lithium Extraction (DLE) technology to extract lithium regardless of the brine's original lithium concentrations.
Notably, 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.
DLE has recently emerged as a "potential game-changing technology for lithium supply" due to its ability to double lithium production while reducing environmental damage, offering the ability to obtain vast new sources of lithium from brine amid a looming supply shortage.
With the reservoir analysis now complete, VLT is finalizing the capital and operating costs required for the establishment of a 20,000-tonne-per-annum lithium plant at Rainbow Lake.
Showcasing a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to publish the Rainbow Lake PEA before the end of November 2023.
In 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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