Volt Lithium (TSXV: VLT) has announced the successful installation of its first Direct Lithium Extraction (DLE) field unit in the Permian Basin, Texas. The unit is now undergoing function-testing, paving the way for initial lithium production. This development marks a critical milestone as the scaled-up field unit will process over 200,000 litres of oilfield brine daily, doubling previous capabilities.
The company’s field unit signifies a 1:83 scale to anticipated commercial production levels. By building upon its past efforts at the Field Simulation Centre in Calgary, the company aims to commercialize quickly and cost-effectively.
Focus on U.S. Field Unit and Commercial Production
Volt has set the foundation for future commercial operations with its recent activities in Texas. By leveraging a modular design, the company plans to further increase processing capacity through additional modules and larger extraction systems, accelerating its path to full-scale commercialization.
Volt’s strategic planning couples a low-cost operating model with strategic investments, enabling it to scale its lithium extraction operations. Through ongoing enhancements, Volt aims to be a leading producer of lithium from oilfield brine, mitigating project risks effectively.
Innovation and Future Expansion
The company’s business model is grounded in a phased scale-up approach, integrating extensive testing and strategic partnerships. This method allows weeding out execution risks while accelerating the timeline to full-scale commercialization, also minimizing capital at risk.
Free from any forward-looking disclaimers, Volt showcases its commitment to shareholder value and long-term success through innovative lithium extraction technologies. Positive updates are anticipated as operations progress.
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