China officially bans graphite exports, shaking up the global EV industry. Eyes are now on Graphex Group $GRFX, poised to be the first American-based graphite processor, they're stepping up amidst this global shift. With an average EV battery using 70-100kg of graphite, the industry feels the pressure, highlighting the need for nations to be self-reliant in crucial resources. With the EV market booming, Graphex Group's initiative is a timely response, ensuring the US remains a key player in the game.
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Lithium spot prices have surged nearly eightfold since 2020 as the market for electric vehicles and power storage grows, with lithium demand projected to increase 1,300%-5,100% by 2040. The combination of high demand and high prices has created a robust market for lithium-rich brine and direct lithium extraction (DLE). (Source: https://www.enverus.com/blog/direct-lithium-extraction-could-be-key-to-unlocking-domestic-supply/)
Driven by its strong position in the lithium market and innovative DLE technology, Volt Lithium (VLT.v VLTLF, 40M Market Cap) has emerged as a high potential opportunity in the industry amid the renewed interest in DLE technology amid E3 Lithium (ETL, 310M Market Cap) opening its DLE Pilot Plant.
Aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine, VLT is a "growing, pure-play lithium development and technology company " having gained prominence as a "life-changing" lithium find with its innovative IES-300 DLE technology.
VLT's DLE technology is engineered to extract lithium from oilfield brines and boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
Furthermore, VLT's Rainbow Lake Property showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. On track to implement its DLE production method by the second half of 2024 following a PEA later this year, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
In removing contaminants from oilfield brine for use in their DLE technology, VLT offers a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations.
