(TheNewswire)
VANCOUVER, BC – TheNewswire - April 28, 2022 - One World Lithium Inc. (OTC: OWRDF ) (C NSX: OWL I.CN ) (the “ Company ” or “ OWL ”), whose missionis to own low-cost lithium separation technologies with a 95% recoveryof battery grade lithium, today reports that The National Energy Technology Laboratory (“ NETL ”), a unit of the United StatesDepartment of Energy (“ DOE ”), has granted OWL a provisional licensefor NETL’s patented sustainable green technology for extracting andseparating lithium from natural brines. The license will be perfectedupon NETL/DOE approval of OWL’s plan to commercialize the patentedtechnology.
“The DOE technology is an advanced direct lithiumextraction (“ DLE ”) process that rapidly generates lithium carbonate bymixing carbon dioxide and brine in a multi-step sequence in a uniqueregime of temperature and pressure,” says Jack Lifton, LLC, anadvisor to OWL who oversees OWL’s DLE programs. “A successfulcommercial plan, under the agreement, will be the production frombrine of a low cost, high yield, and high purity lithium carbonateproduct suitable for inclusion into a lithium-ion battery productionsystem.” For additional detail see Company’spress release dated March 23, 2022.
Benchmark Mineral Intelligence Limited asks, “Wherewill new lithium supply come from in 2022” 1 in new market report that suggests new lithium supply can not be brought to the market fastenough to combat the growing demand.
“As the lithium supply is already facing largedeficits, there are several junior players vying to be among the nextlow-cost lithium producers that are working hard to bring lithium tothe market,” says Jack Lifton a technically advisor to OWL and isdirectly involved in its DLE program. “Many of these new players arestrategically looking for new extraction technologies to bring‘greener and cleaner lithium’ to the market quicker and at lowercosts on a global basis. We are hopeful that the DOE’s patentedextraction technology, following additional proving-up andcommercialization, is able to fill part of the large sustainable greentechnology space.
Possible Impacts on OWL’s FutureFunding
“There are large funds set aside by the FederalGovernments of the United States and Canada to underwrite thedevelopment of commercial production of critical metals and materialsin North America,” says Jeff Hulings, who is a consultant to OWL aswell as the President of J & L Solutions that specialize inmarketing green technologies and tracking government Grants in the USAand Canada. Jeff notes “If the DOE approves OWL’s proposal tocommercialize its DLE Patent, we believe that OWL is in an excellentposition to apply for and receive grant funds to commercialize theDOE/NETL’s DLE patent.”
In keeping with OWL’s dual focus on both separationtechnologies and seeking lithium-brine projects where DLE technologiesmay be beneficial, OWL is in the process of seeking Directors andOfficers who have previous experience in the lithium industry and maybe well known to the investment community.
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 separation technology. OWL intends to license or jointventure its technology to current and future lithium carbonateproducers. 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 emailinfo@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: OWL’s mission to own low-cost lithiumseparation technologies with the ability to produce a 95% recovery ofbattery grade lithium; OWL’s ability receive grant funds tocommercialize and fund the DLE patent; and the intention of OWL toproceed with the advancement of properties and the 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, important factors that could cause actual results to differmaterially from the Company’s expectations including, but notlimited to: (I) OWL’s inability to execute its business plan andraise the required financing; (II) OWL’s inability to prove-up andcommercialize the NETL patent and separation technology; (III) risksand market fluctuations common to the mining industry and lithiumsector in particular; (IV) advancement in new separation technologies;and (v) other risks outside the direct control of OWL. The novelstrain of coronavirus, COVID-19, and continuing conflict betweenRussian and the Ukraine also poses continuing risks that are currentlyindescribable and immeasurable. The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect and is advised not to place undue relianceon any forward-looking information contained in this pressrelease.
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 Benchmark Mineral Intelligence, “ Where Will New Lithium Supply Come From in2022?” (February 4, 2022)
https://www.benchmarkminerals.com/membership/where-will-new-lithium-supply-come-from-in-2022/
Copyright (c) 2022 TheNewswire - All rights reserved.