98% Lithium Extraction Restoration Issue Achieved
CALGARY, AB, Could 25, 2023 /PRNewswire/ – (TSXV: GRD) (OTCQB: GRDAF) – Grounded Lithium Corp. (“GLC” or the “Firm”) is happy to announce our direct lithium extraction (“DLE“) choice course of, as beforehand communicated, reached a optimistic conclusion. Primarily based on very encouraging lab outcomes for the chemistry of the Kindersley Lithium Mission brine (the “KLP Brine“), the Firm chosen Koch Know-how Options (“KTS“), a Koch Engineered Options (“KES“) firm, and its proprietary Li-Professional™ expertise because the expertise of selection for implementation in our upcoming area pilot.
Key KTS lab outcome findings:
- Noticed lithium extraction restoration charges from KLP Brine averaged 98% over a number of passes; and
- Equally optimistic, the method expertise successfully rejected different key ions present in KLP Brine deposits with noticed rejection components of 99%
Subsequent steps with KTS:
- The Firm obtained a proposal from KTS to supply the Li-Professional™ expertise underneath an appropriately staged analysis program, or area pilot, lasting a number of months to find out extra in depth extraction outcomes over the long-term; and
- KTS will help within the preparation of an in depth feasibility-level engineering resolution utilizing the Li-Professional™ expertise in a full-scale central processing facility to judge total challenge commerciality
Assuming the proposal is agreed to by all events, GLC can be chargeable for work related to preparations of a useful area pilot, together with however not restricted to, provision of adequate feedstock, job web site and related facility necessities comparable to permits, civil works, buildings and storage tanks, entry to utilities, manpower and brine disposal. The Firm can readily present these parts accessible within the Kindersley space along with using our in depth expertise and networks throughout the useful resource improvement sector. Topic to attaining sure company initiatives, the Firm envisions that these occasions will happen over the steadiness of 2023 and into early 2024.
The energy of those achieved outcomes utilizing the KTS expertise accelerates our want to maneuver shortly in direction of area pilot testing. We consider this represents a pivotal step within the course of to supply a dense lithium chloride resolution prepared for the ultimate refining right into a battery-grade lithium product. The choice of KTS’ expertise offers us with key knowledge to be used within the Firm’s preliminary financial evaluation (“PEA“) scheduled for completion by the tip of Q2 2023. KTS has been lively within the lithium from brine business, having not too long ago entered right into a joint improvement settlement with a big North American lithium from brine developer.
“Our group continues to execute our marketing strategy to turn into a number one Canadian business producer of battery-grade lithium. We’re excited to be taking essential subsequent steps, based mostly on the very optimistic extraction outcomes, with a world-class group comparable to Koch,” commented Gregg Smith, President & CEO. “Every milestone achieved offers elevated conviction to advance the following phases of our marketing strategy, inclusive of the submission of our maiden PEA and the development of a area pilot challenge later this 12 months. We sit up for funding these phases and speaking outcomes.”
About Koch Know-how Options
KTS is the expertise licensing enterprise of KES. KTS creates worth for its clients throughout a rising portfolio of applied sciences together with direct lithium extraction, the polyester worth chain, refining business and the 1,4-Butananediol plus its derivates. KTS combines its unique applied sciences, experience, and capabilities with these of different KES firms to supply total options to optimize buyer’s capital investments and current manufacturing belongings.
About Grounded Lithium Corp.
GLC is a publicly traded lithium brine exploration and improvement firm that controls roughly 4.2 million metric tons of lithium carbonate equal of inferred useful resource over our targeted land holdings in Southwest Saskatchewan. GLC’s multi-faceted enterprise mannequin entails the consolidation, delineation, exploitation and finally improvement of our alternative base to meet our imaginative and prescient to construct a best-in-class, environmentally accountable, Canadian lithium producer supporting the worldwide power transition shift. U.S. traders can discover present monetary disclosure and Actual-Time Degree 2 quotes for the Firm on https://www.otcmarkets.com/.
Scientific and technical info contained on this press launch pertaining particularly to latest lab extraction outcomes on our brine from the KES lab have been ready underneath the supervision of Dale Shipman, P.Eng, VP Operations, of the Firm, a certified individual throughout the which means of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives. All different scientific and technical info contained on this press launch has been ready underneath the supervision of Doug Ashton, P.Eng, Suryanarayana Karri, P. Geoph., Alexey Romanov, P. Geo. and Meghan Klein, P. Eng., every of whom is a certified individual throughout the which means of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives.
This press launch could include forward-looking statements and forward-looking info throughout the which means of relevant Canadian securities legal guidelines. The opinions, forecasts, projections and statements about future occasions of outcomes, are ahead wanting info, forward-looking statements or monetary outlooks (collectively, “forward-looking statements“) underneath the which means of relevant Canadian securities legal guidelines. These statements are made as of the date of this press launch and the truth that this press launch stays accessible doesn’t represent a illustration by GLC that the Firm believes these forward-looking statements proceed to be true as of any subsequent date. Though GLC believes that the assumptions underlying, and expectations mirrored in, these forward-looking statements are affordable, it may give no assurance that these assumptions and expectations will show to be appropriate. Such statements embrace, however should not restricted to, statements relating to the timing of future achievements, the development of a area pilot challenge, reaching an settlement with KTS relating to its proposal to supply the Li-Professional™ expertise, the preparation of an in depth feasibility-level engineering resolution utilizing the Li-Professional™ expertise in collaboration with KTS, the Firm’s potential to supply work related to the preparation of a useful area pilot and the timing of completion thereof, the completion and timing of the PEA, and GLC’s imaginative and prescient of changing into a best-in-class, environmentally accountable, Canadian lithium producer supporting the worldwide power transition.
Among the many essential components, dangers, uncertainties and assumptions that would trigger precise outcomes to vary materially from these indicated by such forward-looking statements are: GLC’s expectation that our operations shall be in Western Canada, sudden issues can come up on account of technical difficulties and operational difficulties which impression the manufacturing, transport or sale of our merchandise; geographic and climate circumstances can impression the manufacturing; the danger that present international financial and credit score circumstances could impression commodity costs and consumption greater than GLC presently predicts; the failure to acquire financing on affordable phrases; the danger that sudden delays and difficulties in growing presently owned properties could happen; the failure of drilling to end in business tasks; sudden delays as a result of restricted availability of drilling gear and personnel; and the opposite danger components detailed on occasion in GLC’s periodic reviews. GLC’s forward-looking statements are expressly certified of their entirety by this cautionary assertion.
This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase any securities in any jurisdiction.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this information launch.
SOURCE Grounded Lithium Corp
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