The pilot plant is undergoing final improvements at the
LithiumBank’s pilot plant is expected to test G2L’s DLE technology at reservoir temperatures at a rate of up to 10,000 L per day. It will provide the necessary design parameters to include the technology in feasibility studies for LithiumBank’s
Since the release of the Boardwalk Preliminary Economic Assessment (
- Resin loading capacity;
- Impurity rejection;
- Eluate concentration;
- Reagent consumption;
- Substitution of lower cost reagents, such as quicklime and sulfuric acid; and
- Water and energy consumption.
It is anticipated that the pilot testing will positively quantify the impact of these factors on the project economics.
“We are very pleased to be making progress toward the timely delivery and installation of the G2L cDLETM pilot plant in our newly leased facility in
About
For more information see the Company’s Boardwalk Lithium Brine Project Preliminary Economic Assessment Technical report entitled “Preliminary Economic Assessment (PEA) for
Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. A preliminary economic assessment is preliminary in nature as it includes a portion of inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
The scientific and technical disclosure in this news release has been reviewed and approved by Mr.
About
Contact:
LithiumBank
CEO
rob@lithiumbank.ca
(778) 987-9767
Neither the
Cautionary Statement Regarding Forward Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, the target and potential production of the Company’s project; the de-risking of the Company’s assets; the expected timing of completion of modifications on the cDLETM pilot plant; the expected testing rate of the modified cDLETM pilot plant; the expected timing of commencement in Q1 2024 and length of brine piloting at the cDLETM pilot plant; and the anticipated positive impact on project economics, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should” or “would” or occur.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company will be able to achieve its target and potential production; that the Company will be able to de-risk its assets; that the modifications on the cDLETM pilot plant will be complete on the timetable anticipated; that the testing rate of the modified cDLETM pilot plant will be as expected; that brine piloting at the cDLETM pilot plant will commence in Q1 2024 and extend for 12-18 months; and that the modified cDLETM pilot plant will demonstrate a positive impact on project economics.
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary, include, without limitation, the risks that: the Company is unable to achieve its target and potential production; that the Company will not be able to de-risk its assets; that the modifications on the cDLETM pilot plant will not be completed on the timetable anticipated or at all; that the testing rate of the modified cDLETM pilot plant will be less than expected; that brine piloting at the cDLETM pilot plant will not commence on the timetable anticipated or at all; and that the modified cDLETM pilot plant will not demonstrate the anticipated positive impact on project economics.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
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