Volt Lithium (TSXV: VLT) said on Monday it has begun testing its first field unit in the Permian Basin of Texas.
According to the company, the unit will be capable of processing over 200,000 liters (1,250 barrels) of oilfield brine per day, representing a twofold increase from Volt’s previous processing capacity of 96,000 liters (600 barrels).
The field unit, said Volt, is expected to produce battery-grade lithium carbonate and lithium hydroxide monohydrate.
“The introduction of this initial field unit marks the achievement of another critical milestone in our strategy to become one of North America’s first commercial producers of lithium from oilfield brine,” commented Alex Wylie, CEO of Volt Lithium.
“Volt has reached a critical inflection point with this achievement and is well-positioned to commence direct lithium extraction (DLE) operations in the field during Q3 2024, which aligns with our previous guidance.”
Volt’s DLE approach involves a two-stage process. The first focuses on removing contaminants from the brine before extraction. By partnering with a water treatment and filtration systems sub-contractor, the team ensured efficient brine treatment, facilitating the subsequent extraction process.
In the second stage, the breakthrough in their technology came with the development of specialized ion exchange beads, the company said.
“Unlike traditional beads, their innovative creation boasted a size of five microns and an impressive 800 times the surface area of other industry standard beads, enhancing their extraction efficiency,” Wylie told The Northern Miner in 2023.
This advancement, he said, allowed the team to consistently extract lithium from brines during various testing stages, including successful pilot projects.
Volt shares rose 5.7% in Toronto on Monday morning. The company’s market capitalization is C$63.1 million ($46.8 million).
Source: MINING.COM – Read More
