Technology

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Highlights

• Invested over 2 years and $1M in search of efficient and high performing DLE technology.
• Test work indicates the Licensed Technology can reduce operating costs by increasing lithium recovery and selectivity, reducing reagent costs, and improving lithium concentrate.
• Exclusive access to one of the largest DLE Pilot Plants in North America – up to 10,000 litres/day.
• Exclusive to LithiumBank in Alberta and Saskatchewan as a primary lithium producer.
• G2L Greenview is a 50/50 joint venture with Computational Geosciences Inc. (CGI), a subsidiary of the Robert Friedland-charired Ivanhoe Electric Inc. (NYSE:IE) and Clean TeQ Water (ASX:CNQ).

Testing Timeline Objectives

• Q2-Q3 2023: 5 Months of test work with G2L demonstrated the technology is well suited for Boardwalk brine.
• November 2023: Pilot Plant expected to be shipped to LithiumBank by November.
• December 2023: Installation & Commissioning.
• Q1 2023: Pilot Plant Testing.

DLE Test Work Highlights

• Lithium Eluate concentration: >3,000 mg/L Li.
• Lithium 98% recovery.
• 90% reduction of Sodium, Chlorine, Calcium.
• 40X: Volume reduction of brine post DLE processing. Lithium concentration from feedstock.
• Reagent used in updated DLE processing are ~1/3 of the cost of those used in the original Boardwalk PEA DLE process. That cost was 54% of the total operating cost.
• Results anticipated to be included in an updated Boardwalk PEA expected in late 2023.
• Pilot Plant testing with G2L continuous DLE (cDLE®) technology, at a rate of up to 10,000L per day to commence Q1 2024.

READ - Press Release

Accomplishments to Date

• 5 Months of test work with G2L Greenview prove the technology to be well suited for Boardwalk brine.A significantly positive impact on the economics of our Alberta projects can be expected.
• The test work results indicate favourable lithium recovery and selectivity, successful use of lower cost reagents, and a high purity lithium concentrate.
• Updated PEA will include latest results from G2L Greenview test work.
• Pilot Testing will include brine from Boardwalk, Park Place, and Saskatchewan to support Feasibility level studies going forward.
• cDLETM processing system is also designed to reduce freshwater loss and reduce power consumption and GHG’s.