Volt Lithium Corp. has announced the achievement of another milestone on the path to commercialising its proprietary and proven next-generation Direct Lithium Extraction (DLE) technology for processing oilfield brines.
The company has scaled-up production capacity to 96 000 l per day (equivalent to 600 bbl/d) representing a 100 times scale-up in its processing capabilities. Following the strategic investment from its US partner which closed on 2 May 2024, Volt has scaled-up operations at its field simulation centre in Calgary, Alberta in order to build this first field unit for deployment in 3Q24.
“The Permian basin currently produces 19 million bbl of lithium infused brine per day, making it one of the largest potential sources of lithium in the US,” commented Alex Wylie, President and CEO of Volt. “With the scaling-up of our Field Simulation Centre, we have accelerated the Company’s trajectory to becoming a significant North American lithium producer.”
“Volt is on a clear path to become a low-cost commercial producer of battery-grade lithium from oilfield brines in North America,” added Dave Kimery, COO of Volt. “The Volt engineering and operational teams continue to scale-up production capacity for our proprietary DLE technology. As demand for high-quality, domestically supplied lithium continues to grow, Volt’s latest achievement positions us to help meet North America’s expanding demand for this critical mineral, and to do so in a safe, environmentally sustainable and lower-impact manner.”