(TheNewswire)
VANCOUVER, BC – TheNewswire - November28, 2023 - One World Lithium Inc. (CSE:OWLI) (OTC:OWRDF)(the “ Company ” or “ OWL ”) is pleased toannounce that through its Bench Testing the Company’s AdvancedCarbonation Extraction Technology has been validated under a varietyof conditions including various concentrations of lithium in a brine.
Significant results that validated proof of concept ofthe technology include:
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Simultaneous lithium extraction and lithium carbonateprecipitation in a brine
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Process time of approximately nine (9)minutes;
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Direct production of lithium carbonate at very lowconcentrations;
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Selective formation of lithium carbonate;
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Collection of lithium carbonate particles larger thanforty-five (45) microns; and
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Indication of potential s toringof carbon dioxide and no freshwater usage, benefiting the environment.
Dr. Jinichiro Nakano of MatterGreen LLC stated “Theobjective is to commercialize OWL’S technology that rapidly,economically and environmentally extracts lithium and simultaneouslygenerates lithium carbonate directly in a brine using the advancedcarbonation process, and thus to minimize environmental burdens byeliminating the need of common consumables required in existingextraction & mineralization practices.”
Jack Lifton said, “He believes that the OWL processrepresents the lowest cost method of direct lithium extraction, andthat it by far, the simplest and lowest cost, ESG compliant, processto implement.”
Doug Fulcher, President and CEO of OWL allowed“These results will assist Jack Lifton to Introduce OWL and itsAdvanced Lithium Extraction Technology to the producers and consumersof lithium carbonate.”
About One World Lithium Inc.
One World Lithium Inc. remains focused on properties ofmerit that may contain lithium in a brine. The Company is also focusedon commercial application of its Advanced Lithium ExtractionTechnology. OWL intends to license or joint venture its technology tocurrent and future lithium carbonate producers and consumers. For moreinformation, visit: https://oneworldlithium.com .
On b e h alf o f t h e B o a rd o f D i r e c t o r s of O n e Wo r l d Li th i u m In c .
“ Do u g l as F u l cher”
P r esi d e n t a n d C h i ef Execu t ive O ff i c er
For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com
or call 1-888-280-8128
Forward-Looking Information: Thispress release may include forward looking information within themeaning of Canadian securities legislation. Forward lookinginformation is based on certain key expectations and assumptions madeby the management of the OWL, including, but not limited to: (I) the ability ofthe OWL & MG to further its R&D, following its bench test tochange the lithium extraction industry, and (II) OWL’s abilities tocommercialize its Direct Lithium Extraction (“DLE”) technology.Although OWL believes that the expectations and assumptions on whichsuch forward looking information is based are reasonable, unduereliance should not be placed on the forward-looking informationbecause OWL can give no assurance that they will prove to be correct.There can be no assurance that such statements will prove to beaccurate and actual results and future events could differ materiallyfrom the those anticipated in such statements, important factors thatcould cause actual results to differ materially from the company’sexpectations include: (I) inability of OWL to commercialize its DLEtechnology (II) OWL’s inability to execute its business plan andraise any required financing, (III) risks and market fluctuationscommon to the mining industry and lithium sector in particular, and(IV) advancements in other new separation technologies. The reader is cautioned that assumptionsused in the preparation of any forward-looking information may proveto be incorrect. Events or circumstances may cause actual results todiffer materially from those predicted, as a result of numerous knownand unknown risks, uncertainties, and other factors, some of which arebeyond the control of the OWL. The reader is cautioned not to placeundue reliance on any forward-looking information contained in thispress release.
Neither theCanadian Securities Exchange nor its Market Regulator (as that term isdefined in the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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