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Who is Leading the Lithium Charge in 2022?

Stockhouse Editorial
2 Comments| May 18, 2022

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(File photo.)

Lithium is the ‘driving’ force behind electric vehicles, but the industry is not able to keep pace with demand.


New technologies that will expand the sources of the supply of lithium must fill the gap.

The Biden Administration announced plans to invest $2.9 billion (USD) In February 2022, to strengthen the battery supply chain and the production of advanced batteries.

As reported by The Wall Street Journal, new lithium extraction technologies are attracting attention as these “methods “could help increase supplies, while attracting investors for their potential to speed up production and reduce the environmental impact compared with most current lithium-extraction methods, are so far unproven at commercial scale.

The US Department of Energy (DOE) patent is an advanced direct lithium extraction (DLE) process for the extraction of lithium from natural brines, rapidly generating a pure lithium carbonate.

Speaking on this subject more in depth was Jack Lifton, an advisor to One World Lithium Inc. (CSE: OWLI, Forum), who is also a physical and chemical engineer and well known for his expertise by the investment community and the separation technology sector.

He explained in a recent interview on the sector that he was familiar with the technology that OWL had licensed from the DOE, just not as it has been newly applied to the selective separation of lithium carbonates from brines. Once he saw the data and procedures patented by the DOE, he said he was astonished by the simplicity, applicability, low cost, and end-product purity achieved.

“We are able to vertically integrate such a deposit into the company to include the highest value-added form of that commodity by focusing on an advanced DLE process for the extraction and separation of lithium from natural brines, directly generating lithium carbonate. In Summary, we will focus on developing properties as assets that fuel our ability to offer low-cost lithium separation and direct production of battery grade lithium carbonate.”

Lifton also noted that Global EV sales doubled in February 2022 and the spot price of one metric ton of lithium carbonate (LCE) has risen from $6,750 (USD) in September 2000 to $61,000 (USD) on April 29, 2022.


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FULL DISCLOSURE: One World Lithium Inc. is a client of Stockhouse Publishing



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Comments

what a pump on OWLI!
(446)
May 19, 2022

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