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VANCOUVER, BC – TheNewswire - May 17, 2022 - One World LithiumInc . (OTC: OWRDF ) (CSE: OWLI ) (the “ Company ” or “ OWL ”) Jack Lifton is an advisor to OWL, a physical and ChemicalEngineer and well known for his expertise by the investmentcommunity and the separation technology Sector. The following arequotes from Jack from an interview by Vorticom Inc., the CompaniesPublic Relations Firm. The entire interview is posted on OWL’s Web. https://oneworldlithium.com/ .
The DOE patent is an advanced direct lithium extraction(“DLE”) process for the extraction of lithium from natural brines,rapidly generating a pure lithium carbonate.
I was familiar with the technology that OWL haslicensed from the US Department of Energy (“DOE”), but not as ithas been newly applied to the selective separation of lithiumcarbonates from brines. Once I saw the data and procedures patented bythe DOE, I was astonished by the simplicity, applicability, low cost,and end-product purity achieved.
The capability of OneWorld Lithium ’s technology to verticallyintegrate the production of battery-grade lithium carbonate directlyfrom brines in a single reactor. As a mining company, we remainfocused on prospective properties of merit that may containrecoverable lithium at a commercial scale, from a wide range ofconcentrations. We are able to vertically integrate such a depositinto the company to include the highest value-added form of thatcommodity by focusing on a n advanced directlithium extraction (“DLE”) process for the extraction andseparation of lithium from natural brines, directly generating lithiumcarbonate. In Summary, we will focus ondeveloping properties as assets that fuel our ability to offerlow-cost lithium separation and direct production of battery gradelithium carbonate.
Lithium is the ‘driving’ force behind electricvehicles, but the industry is not able to keep pace with demand. InFebruary 2022, the Biden administration announced plans to invest $2.9 billionto strengthen the battery supply chain and the production of advancedbatteries. New technologies that will expand the sources of thesupply of lithium must fill the gap.
As reported by The Wall StreetJournal , 1 newlithium extraction technologies are attracting attention as these“methods “ could help increase supplies,while attracting investors for their
potential to speed up production and reduce theenvironmental impact compared with most current lithium-extractionmethods, are so far unproven at commercial scale.”
The method uses unique carbon dioxide injection mixingtechniques to quantitatively precipitate lithium carbonate frombrines. This process requires no solvent, electrodes, membranes, orsorbents, but only uses carbon dioxide which can be sourced fromindustrial waste or exhaust gas streams or, even, ambient air. Itsignificantly reduces capital and operation costs, process time,energy requirements, and, paradoxically, overall carbon dioxideemissions.
The process is fully deployable and operational at thebrine source, eliminating the need to evaporate the brines and/ortransportation of brine concentrates to a chemical processing facilityto form and purify lithium carbonate. Deployment of this technologywill reduce dependence on foreign lithium sources.
While traditional extractionmethods yield about 40% to 50% of the lithium present in a mined or brine resource, processes using DLE can extract 75% to90%.
The DOE patent is an advanced direct lithium extraction(“DLE”) process for the extraction of lithium from natural brines,rapidly generating a pure lithium carbonate.
The method uses a unique multi-step highpressure/temperature application of carbon dioxide injection-mixing toultimately directly and selectively precipitate lithium carbonate frombrines. One World’s DLE technology competes favorably vs.competitors as:
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The process requires no solvent, electrodes, membrane,or sorbents and only uses carbon dioxide which can be sourcedcommercially or from industrial waste streams or ambient air.
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It significantly reduces capital and operation costs,process time, energy requirements, and, paradoxically, overall carbondioxide emissions.
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The process is fully operational at the brine source,eliminating transportation of brine derived solids to a chemicalprocessing facility to form pure lithium carbonate. Deployment of thistechnology will reduce dependence on foreign lithium sources.
Jack also noted recent news on the lithium industry,including:
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Global EV sales doubled in February 2022. ( Inside EVs ,April 6, 2022)
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Spot price of one metric ton of lithium carbonate (LCE)has risen from $6,750 USD in September 2000 to $61,000 USD on April29, 2022. ( Argus , May4 th 2022)
Doug Fulcher noted “Jack’s expertise has helped OWLto make several critical decisions Including developing a closerelationship with the US Department of Energy”
About One World Lithium Inc.
One World Lithium Inc. remains focused on properties ofmerit that may contain lithium carbonate in a brine. The Company isalso focused on commercial application of the DOE’s separationtechnology. OWL intends to license or joint venture its technology tocurrent and future lithium carbonate producers. For more information,visit: https://oneworldlithium.com/ .
On behalf of the Board of Directors of One WorldLithium Inc.,
“DouglasFulcher”
President and Chief Executive Officer
For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com or call 1-604-564-2017 Extension-3.
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 any statements regardingbeliefs, plans, expectations or intentions regarding the future,including, but not limited to: the intention of OWL to proceed withthe advancement of lithium properties and the DOE’s new criticalseparation technology. Although OWL believes that the expectations andassumptions on which such forward looking information is based arereasonable, undue reliance should not be placed on the forward-lookinginformation because OWL can give no assurance that they will prove tobe correct. Forward looking statements contained in this press releaseare made as of the date of this press release. OWL disclaims anyintent or obligation to update publicly any forward-lookinginformation, whether as a result of new information, future events orresults or otherwise, other than as required by applicable securitieslaws. 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. Accordingly, importantfactors that could cause actual results to differ materially from theCompany’s expectations including, but not limited to: (I) OWL’sinability to execute its business plan and raise the requiredfinancing; (II) OWL’s inability to prove-up and commercialize theNETL patent and separation technology; (III) risks and marketfluctuations common to the mining industry and lithium sector inparticular; (IV) advancement in new separation technologies; and (v)other risks outside the direct control of OWL. The novel strain ofcoronavirus, COVID-19, and continuing conflict between Russian and theUkraine also poses continuing risks that are currently indescribableand immeasurable. The reader is cautioned that assumptions used in thepreparation of any forward-looking information may prove to beincorrect and is advised not to place undue reliance on anyforward-looking information contained in this press release.
Neither the Canadian SecuritiesExchange nor its Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
1 Scott Patterson and Amrith Ramkumar, New Lithium Technology Attracts Investors,But is it Viable? Wall Street Journal, (April21, 2022).
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