CleanTech Lithium PLC has announced the signing of a non-binding Memorandum of Understanding (MOU) with KMX Technologies, LLC.
This MOU has reportedly been signed with the aim to establish a commercial framework for utilising KMX’s proprietary technology to concentrate lithium, while achieving higher water recovery and lower energy intensity, at CleanTech Lithium’s Laguna Verde and Francisco Basin lithium projects in Chile.
Highlights:
- MOU in line with the company’s strategy to produce battery grade lithium by 2H24, with near zero carbon emissions and lowest environmental impact.
- MOU to establish a commercial framework for utilising KMX’s proprietary technology in a commercial scale lithium operation.
- KMX’s technology complements CleanTech Lithium’s plan to utilise the direct lithium extraction (DLE) process, further maximising water recovery and lowering energy use.
- Laboratory scale DLE work, that aims to produce 1 kg of battery grade lithium from the Laguna Verde project, expected to be completed by the end of April, with pilot plant construction to commence thereafter.
Commenting, Aldo Boitano, Chief Executive Officer, of Cleantech Lithium PLC, comments:
“This MOU is another important step in our mission to produce sustainable battery grade lithium for the EV industry with the lowest environmental impact and CO2 footprint. By utilising a best-in-class technology, which concentrates lithium in a single stage process with higher water recovery and lower energy usage, and compliments our commitment to use 100% renewable energy and Direct Lithium Extraction process, we believe, once in production, we will be one of the greenest lithium producers globally.”