Jan. 31 at 1:41 PM
$VLTLF Competitors targeting oilfield brine DLE: LithiumBank, E3, and Prairie. None of their DLE tech works below 50 mg/L. E3 and Prairie are close to 50 mg/L but recovery rates are 80%-90%. LithiumBank is testing on 74 mg/L brine and showing up to 95% extraction. Honorable mention is Exxon piloting proprietary tech on ~50-100 mg/L oilfield concentrations. That is a bit scarier just because of the war chest they control.
However, Volt/Liberty can extract with a 98% recovery rate from as low as 25-34 mg/L and is ready to operate. Permian basin average brine concentration is 30-55 mg/l. Unique position this company is in. Happy to be a shareholder this early.