LithiumBank Signs Exclusive DLE Agreement with G2L Greenview
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Highlights
- G2L is a 50/50 joint venture with Computational Geosciences Inc (CGI), a subsidiary of the Robert Friedland-chaired Ivanhoe Electric Inc. (NYSE:IE) and Clean TeQ Water (ASX:CNQ).
- Preliminary testing indicates that the Licensed Technology can reduce operating costs of the Boardwalk DLE circuit by increasing lithium recovery and selectivity, reducing reagent costs, and improving the lithium concentrate.
- Canada’s Largest Reported Lithium Brine Pilot Plant. G2L will ship their pilot plant with throughput capacity of 10,000 litres/day to Alberta in October 2023.
- An updated Boardwalk Preliminary Economic Assessment (“PEA”) that will include test work using the technology is expected to be released in late Q4 2023.
- The Licensed Technology, which includes the patented continuous DLE (cDLETM) and the IX resin, will be exclusive to LithiumBank in Alberta and Saskatchewan for primary lithium production.
- License may be further sub-licensed by the Company to an acquirer of any of the Company’s currently held properties in Alberta or Saskatchewan.
Accomplishments To Date
- 5 Months of test work with G2L prove the technology to be well suited for Boardwalk brine. A significantly positive impact on the economics of our Alberta projects can be expected.
- The test work results indicate favourable lithium recovery and selectivity, successful use of lower cost reagents, and a high purity lithium concentrate.
- Updated PEA will include latest results from G2L test work and be reported by the end of 2023.
- Pilot Testing will include brine from Boardwalk, Park Place, and Saskatchewan to support Feasibility level studies going forward.
- cDLETM processing system is also designed to reduce freshwater loss and reduce power consumption and GHG’s.
Since release of the Boardwalk Preliminary Economic Assessment (May 2023), LithiumBank and its engineering consultants have worked with G2L to optimise the project flow sheet. Initial testing has identified multiple process parameters that can be improved with the inclusion of Licensed Technology.
These include:
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Resin loading capacity
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Impurity rejection
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Eluate concentration
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Reagent consumption
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Substitution of lower cost reagents, such as quicklime and sulfuric acid
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Water and energy consumption
