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Vulcan Energy (ASX:VUL) - Chair, Gavin Rezos - The Market Herald
Chair, Gavin Rezos
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  • Vulcan Energy Resources’ (VUL) pilot plant team has achieved target specification for a direct lithium extraction (DLE) feed into its pilot plant
  • The pilot plant team has achieved target recovery of greater than 90 per cent for lithium chloride from Upper Rhine Valley brine
  • The company’s next steps include the ramp up of the DLE pilot plant to 24/7 operation and production of lithium chloride solution to be converted to lithium hydroxide
  • Further work on post-treatment of brine is also scheduled before production of samples for potential customers will be sent out
  • Vulcan Energy last traded at $7.15 on May 26

Vulcan Energy Resources’ (VUL) pilot plant team has achieved target specification for a direct lithium extraction (DLE) feed into its pilot plant.

The pilot plant team achieved target recovery of greater than 90 per cent for lithium chloride from Upper Rhine Valley brine.

Vulcan is aiming to become the world’s first lithium producer with net zero greenhouse gas emissions. Its Zero Carbon Lithium Project is set to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource.

The Vulcan laboratory team has successfully demonstrated post-treated DLE brine to be materially the same composition as production brine, excluding extracted lithium and silica. Confirmed via the company’s first step of test work, this is in line with Vulcan’s strict environmental focus.

“We will aim to continue this momentum and to continue to rapidly de-risk and scale-up our lithium extraction process in the months to come, as we execute on our strategy to deliver our Zero Carbon Lithium Project into production for the European battery electric vehicle market,” said Vulcan Managing Director Dr. Francis Wedin.

“The team at Vulcan is highly motivated to ensure that the global transition to renewables, energy storage and electric mobility is conducted in a sustainable, net zero manner, and we are channelling this motivation into systematically executing on our Zero Carbon Lithium Project.”

The next steps will include the ramp up of the DLE pilot plant to 24/7 operation and production of lithium chloride solution to be converted to lithium hydroxide.

Further work on post-treatment of brine is also scheduled before production of samples for potential customers will be sent out.

Vulcan Energy last traded at $7.15 on May 26.

       

   

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