Source: Streetwise Reports 09/25/2024
These achievements pertain to the company's proprietary methods for sustainable lithium mining. Learn why one analyst rates the stock Immediate Strong Buy.
Lithos Group Ltd. (OTC: LITSF) provided a Q3/24 corporate and operational update highlighting the company's innovation and progress with its proprietary technologies, noted a news release.
"Our achievements this quarter are just the beginning of a transformative period for Lithos" Chief Executive Officer Scott Taylor said in the release. "As demand for lithium continues to grow with the global push towards electric vehicles and renewable energy storage, we are confident that our innovative technologies position us to become a key player in meeting that demand sustainably."
AcQUA™ Technology Validated by Industry Giant
A highlight of the quarter was the successful testing of Lithos' testing of its AcQUA™ technology, conducted in collaboration with Sociedad Quimica y Minera de Chile (NYSE: SQM), one of the world's largest lithium producers. The technology demonstrated its ability to remove impurities like magnesium, boric acid, calcium, and sulfates from the brine, resulting in high-purity, battery-grade lithium.
"This validation from an industry leader that has tested nearly every direct lithium extraction (DLE) technology available solidifies our competitive edge" Taylor said.
The AcQUA™ process is a patent-pending, hybrid, electro-pressure membrane method that enhances lithium concentration without requiring freshwater or harmful chemicals. Lithos has taken steps to protect its intellectual property by petitioning the U.S. Patent and Trademark Office to expedite the issuance of this vital patent.
Introducing TiERRA™ Technology: A Game-Changer for Sustainability
In addition to AcQUA™, Lithos has introduced a second breakthrough technology: TiERRA™, which is designed to address one of the most pressing challenges in the lithium industry — responsible re-injection of spent brine without depleting freshwater resources. TiERRA™ offers a post-DLE solution that allows brine to be re-injected at scale, reducing environmental impact and enhancing the economic viability of lithium extraction.
"TiERRA™ acts like a turbocharger for DLE processes, recycling and conditioning brine to close the loop in lithium extraction" Taylor explained.
Lithos is already working with two multinational corporations in the specialty chemicals and mining sectors that are testing AcQUA™ and considering TiERRA™ for large-scale re-injection projects.
Securing Funding for Commercial Expansion
Lithos secured Phase 2 funding through the U.S. Department of Energy's FASTRACK program to further validate AcQUA™ and TiERRA™.
Now the company is pursuing a multimillion-dollar Phase ...
