Lithium’s High Market Value
Darryl Jones, President and CEO, of Voltaic Minerals Corporation speaks on the company’s plans for lithium in North America.
The current market for lithium is the reason why we’re all here, it’s quite a bit higher than it was and a lot of companies are benefiting from that. The pros of Voltaic Minerals is the lithium exploration and development in Utah. The green energy project is a paradox based and the hosted project, immense amount of infrastructure. The project itself is very different because there’s so much historic work that’s been done and access is quite a bit easier, we’re skipping a lot of steps and the fact that we have some extremely strong shareholders. The main commodity focus would be lithium but it is a very rich brine with potassium, calcium, magnesium, boron, bromine so any one of those could be economic. We’ve teamed up with some very, very bright Department of Energy funded chemists and we’ve begun working on new membrane technologies, nano filtration to put together a process to begin to unlock more lithium reserves that are currently unavailable. We’ve also begun working on process design because we understand it’s a complex brine and from there we will be able to start aggregating other projects, look to add more to the portfolio and begin working on a North American hub for lithium production.
Voltaic Minerals Corp. is a Lithium Exploration company based in Vancouver with 100% ownership of the Green Energy Project in the historic Paradox Basin of Utah, USA. Voltaic Minerals Corp., has also commenced development and optimization of a Lithium extraction process with Lithium Selective Technologies, Inc. to potentially produce Lithium Carbonate from non-conventional Lithium-bearing brine for end users. The company’s focus will be on advancing the Green Energy Project and Selective Lithium process simultaneously to provide access to the Green revolution in battery technology. The Green Energy project is located near the Cane Creek Potash Solution Mine south of Moab, Utah encompassing a total of 4,160 acres in the Paradox Basin. Historic oil and gas exploration has given way to a super saturated brine system with over 40% dissolved solids and high Lithium values as reported in wells adjacent to the property up to 1700 mg/l. The brine encountered at 6000 ft below surface was pressurized to approximately 4,500 psi and at temperatures up to 145 degrees Fahrenheit. The Project is in close proximity to rail head, power and paved roads as well as 6 existing shut-in wells on the property itself. The next step on the Green Energy Project will include detailed well log data manipulation including porosity and permeability evaluation to identify definitive drill targets for a bulk sampling work program. Simultaneously, Phase I has commenced with Lithium Selective Technologies, Inc. to determine preliminary cost metrics for the processing of Lithium brine. The Lithium brine to be processed will be synthetically formulated to match the metallurgy of the Green Energy brine as historically reported. The goal for Voltaic Minerals Corp. is to advance the Green Energy Project and Selective Lithium process to produce a 100 kg customer qualification sample and have a revolutionary Lithium processing technique which is commercially viable for impurity rich, non-conventional, Lithium brine.
For more information on Voltaic Minerals Corporation (VLT.V) please fill out the form below.