Developing a world-class lithium project in the highly prospective Paradox Basin in Utah, USA, to provide high-quality lithium carbonate for the massive global EV battery market.
In the past, the demand for lithium hydroxide was primarily driven by the use of lubricants and greases. However, with the increasing global focus on electric vehicles and lightweight metals that promote renewable and eco-friendly practices, the industry has experienced a significant surge in demand over the past few years. Furthermore, as the trades industries continue to thrive with growing industrialization, the use of nickel cobalt aluminum oxide (NCA) batteries for power tools is expected to surpass the demand for lubricants, making NCA cathodes a major driver of the lithium hydroxide market. This growing demand has resulted in a strain on supply chains and a worldwide race for production.
Positive Disruption through innovation
Positive disruption through innovation refers to the transformative impact that innovative technologies and ideas can have on traditional industries. This disruption can create new opportunities, improve existing products and services, and drive economic growth. By challenging the status quo, disruptive innovation can lead to the development of more efficient, sustainable, and affordable solutions. Positive industry disruption through innovation can also help companies to stay competitive in a rapidly changing business landscape. However, it is important to note that successful innovation requires not only the development of new ideas but also the willingness to take risks, embrace failure, and continuously adapt to new challenges. Overall, the positive impact of industry disruption through innovation is significant and can drive change for businesses, consumers, and society as a whole.
Direct Lithium Extraction utilizes an innovative engineering concept and a highly selective absorbent that effectively removes impurities, such as magnesium and calcium, from the extraction process. The process is highly efficient and produces commercial-grade lithium, making it a low-cost solution that requires significantly less start-up capital compared to other methods. As a matter of fact, Direct Lithium Extraction has the potential to become the most cost-effective lithium producer, utilizing its proven and proprietary process to extract lithium from brines. The method is also environmentally friendly, with over 90% of the brine water used recycled back into the deep earth wells. By engaging in this practice, we can ensure that we uphold our environmental commitments.