Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Leveraging breakthroughs in extracting lithium from oil field brines, Volt Lithium (TSXV: VLT) is poised to launch commercial lithium carbonate production by 2025, according to President and CEO Alex Wylie.
He says the extraction method offers a sustainable alternative to traditional lithium mining and leverages existing oil industry infrastructure, potentially reducing costs and environmental impact.
“We’ve learned how to produce lithium carbonate in-house, which is a critical milestone for us,” Wylie told The Northern Miner’s western editor, Henry Lazenby, during the Prospectors and Developers Association of Canada’s convention this month. “What we’ve learned from the demonstration plant will absolutely put us in a position to start going into commercial production as we move into 2025.”
The ability to produce lithium directly from oil field brines, especially in regions like Alberta, where lithium is pervasive in major formations, could help meet the growing demand for lithium, an essential ingredient for batteries in electric vehicles and renewable energy systems.
Watch the full interview below.
