Data from four brine samples, which were submitted for testing come from Clayton Valley in Nevada, oil well waste water in mid-USA, Argentina and Bolivia.
Robert McAllister, president of Enertopia, told investors Monday that one of the main positive takeaways from the tests was the high recovery rate from the Bolivia sample, where there is historically a very high magnesium (Mg)/ lithium ratio in such brines.
“Enertopia sourced data with the highest Mg values and lowest Li values in its recent tests to determine how the GWT recovery process would perform under difficult conditions and it passed this first test flawlessly,” said McAllister.
The second goal of the work was to confirm that GWTs lithium recovery process would result in a final product of 99.5%, or greater purity, of battery grade lithium carbonate (Li2CO3) as had been shown by the June 2016 theoretical feasibility study.
To answer this question, lithium carbonate products from the processing of the four samples are being shipped to a third-party, independent lab and Enertopia said it would update once purity tests have begun.
McAllister said the firm was looking forward to the results of the third party lab testing.
“Modern technology is revolutionizing lithium production technology and providing a much better way to recover lithium while protecting our environment. We are enthusiastic in becoming leaders in this evolution,” he added.
Enertopia’s previously announced agreement with Genesis gives Enertopia, which has three exploration projects in Nevada, exclusive rights to use the technology to recover lithium from brine solutions in the US, Argentina, Bolivia and Chile with the option to acquire exclusive rights in other countries.
McAllister has told Proactive Investors: “By focusing on the low cost of the production curve with this technology, the group will be able to withstand price cycle lows in lithium and outperform when prices are high.”
He added the deal moved Enertopia to “the top tier” of only a handful of firms in the world that are working on new ways to recover lithium from brines.
“We believe that proving out the technology will provide Enertopia with a fast track to development and production due to the minimal surface footprint that the technology will provide.”
Story by ProactiveInvestors