One World Lithium Provides Update on Direct Lithium Mining Program with U.S. Department of Energy
VANCOUVER, BC – TheNewswire – April 28, 2022 – One World Lithium Inc. (OTC:OWRDF) (VSNSX:OWLI.CN) (there “Company” or “OWL”), whose mission is to own low-cost lithium separation technologies with 95% recovery of battery-grade lithium, report today that The National Laboratory of Energy Technologies (“NETL”), a unit of the United States Department of Energy (“DOE”), granted OWL a provisional license for NETL’s patented sustainable green technology to extract and separate lithium from natural brines. The license will be perfected after NETL/DOE approves OWL’s plan to commercialize the patented technology.
“DOE technology is an advanced direct extraction of lithium (“DLE“) process that rapidly generates lithium carbonate by mixing carbon dioxide and brine in a multi-step sequence under a unique temperature and pressure regime,” says Jack Lifton, LLC, an OWL advisor who oversees OWL’s DLE programs. “A successful business plan under the agreement will be the production from brine of a low-cost, high-yield, high-purity lithium carbonate product that can be included in a battery production system. lithium ions.” For more details, see the company’s press release dated March 23, 2022.
Benchmark Mineral Intelligence Limited asks: “Where will new lithium supply come from in 2022”1 new market report this suggests that a new supply of lithium cannot be brought to market quickly enough to combat growing demand.
“As lithium supply is already facing significant shortfalls, there are several junior players vying to be among the next low-cost lithium producers working hard to bring lithium to market,” says Jack Lifton, technical advisor to OWL and is directly involved in its DLE program. “Many of these new players are strategically seeking new extraction technologies to bring ‘greener, cleaner lithium’ to market faster and more cost-effectively globally. We hope that DOE’s patented extraction technology, after further testing and commercialization, will be able to fill some of the vast space of sustainable green technology.
Possible impacts on future OWL funding
“The federal governments of the United States and Canada have set aside significant funds to support the development of commercial production of critical metals and materials in North America,” says Jeff Hulings, who is a consultant for OWL as well as president of J&L Solutions who specialize in green technology commercialization and government grant tracking in the United States and Canada. Jeff notes that “if the DOE approves OWL’s proposal to commercialize its DLE patent, we believe OWL is in an excellent position to apply for and receive grant funds to commercialize the DOE/NETL DLE patent.”
In line with OWL’s dual focus on separation technologies and finding lithium-brine projects where DLE technologies can be beneficial, OWL is in the process of seeking directors and officers who have previous experience in the lithium and which may be well known to the investment community. .
About One World Lithium Inc.
One World Lithium Inc. remains focused on the interesting properties that may contain lithium carbonate in a brine. The Company is also focused on commercial application of DOE separation Technology. OWL intends to license or joint-venture its technology to current and future producers of lithium carbonate. For more information visit: https://oneworldlithium.com/.
On behalf of the Board of Directors of One World Lithium Inc.,
President and CEO
For more information, please visit www.oneworldlithium.com or email [email protected] or call 1-604-564-2017 Extension-3.
Forward-Looking Information: This press release may contain forward-looking information within the meaning of Canadian securities laws. Forward-looking information is based on certain key expectations and assumptions made by OWL’s management, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to: OWL’s mission to possess low-cost lithium separation technologies capable of producing 95% recovery of battery-grade lithium; OWL’s ability to receive grants to commercialize and fund the DLE patent; and OWL’s intention to continue advancing properties and new critical separation technology. Although OWL believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on forward-looking information because OWL cannot guarantee that it will prove to be accurate. The forward-looking statements contained in this press release are made as of the date of this press release. OWL disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, important factors that could cause actual results to differ materially from the Company’s expectations, including, but not limited to: (I) OWL’s inability to execute its business plan and raising the required funding; (II) OWL’s inability to prove and commercialize the NETL patent and separation technology; (III) market risks and fluctuations common to the mining industry and the lithium sector in particular; (IV) the advancement of new separation technologies; and (v) other risks beyond OWL’s direct control. The new strain of coronavirus, COVID-19, and the ongoing conflict between Russia and Ukraine also pose ongoing risks that are currently indescribable and immeasurable. Readers are cautioned that the assumptions used in the preparation of any forward-looking information may prove to be incorrect and are cautioned not to place undue reliance on any forward-looking information contained in this press release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 Reference Mineral Intelligence, “Where will the new lithium supply come from in 2022? » (February 4, 2022)