Canada-based lithium extractor Midas Vantage Projects (MVP) Lithium Ltd. has produced battery-grade lithium from brine at its direct lithium extraction (DLE) pilot plant in the Montney Formation, the company said Jan. 7.

MVP said it produced 99.9% pure battery-grade lithium hydroxide.

“These results demonstrate that the pilot is operating optimally and as expected,” said MVP Lithium CEO Max Iyer. “This milestone not only validates our technological capabilities but also positions MVP Lithium to play a pivotal role in meeting the rapidly growing global demand for lithium.”

DLE involves extracting lithium, a key component in electric vehicle batteries and other energy storage systems, directly from brine using technologies and processes such as adsorption, resin or membranes. The method is considered better for the environment than hard rock mining. It also requires less land and processing time when compared to solar evaporation brine extraction that utilize evaporation ponds.

“Driven by the surging demand for electric vehicles (EVs) and their essential components, the global lithium market is poised for unprecedented growth,” MVP said. “Valued at $27 billion in 2024, the market is expected to soar to $134 billion by 2032, marking a compound annual growth rate (CAGR) of 22%. This rapid expansion underscores lithium’s critical role in the transition to renewable energy and clean transportation.”

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