An aerial view of a lithium brine field in South America. (Source: Shutterstock)
Calgary, Alberta-based Midas Vantage Projects (MVP) Lithium Ltd. has received a letter of intent from clean energy company Evove Ltd. to commission MVP’s direct lithium extraction (DLE) plant in 2025, according to a Nov. 15 press release.
MVP said the agreement is contingent on industrial-scale brine processing tests at Evove's U.K. facility and on-site demonstrations.
The plant will be located in the Montney Formation in Canada and is considered a “promising new lithium resource,” MVP said.
The plant will utilize DLE technology to produce high-purity lithium, a critical material for the electric vehicle and energy storage industries, the release stated.
“We believe Evove’s DLE technology aligns well with Midas Vantage Projects Lithium Limited’s project requirements in the Montney Formation, based on the data provided following lab testing and subject to processing brine at industrial scale on our equipment and on-site demonstration,” said Evove Chief Commercial Officer Andrew Walker.
Commissioning for the DLE plant is scheduled for 2025, boosting MVP efforts to establish itself in the sustainable lithium extraction market.
Recommended Reading
Nabors, ProPetro Plan to Deliver High Voltage to Drillers
2024-12-10 - Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
Oxy Aims to Expand Lithium Tech to Arkansas
2024-11-26 - Occidental Petroleum CEO Vicki Hollub confirms the Arkansas leases with its TerraLithium subsidiary that could expand its joint venture with Warren Buffett’s BHE Renewables.
Navigating the Crossroads: Oil, Gas Industry Reimagines its Role in Tech Age
2024-10-28 - The oil and gas industry has both a need and an opportunity to embrace the digital transformation while engaging the next generation of its workforce.
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
Water Management Called ‘Massive Headwind’ for Permian Operators
2024-11-21 - Amanda Brock, CEO of Aris Water Solutions, says multiple answers will be needed to solve the growing amounts of produced water generated by fracking.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.