Grounded Lithium selects Koch Technology Solutions to test brine.
Grounded Lithium Corp. (“GLC” or the “Company”) announce we signed a Lithium Processing Test Work Program Agreement (the “Koch Agreement”) with Koch Technology Solutions (“KTS”), a Koch Engineered Solutions (“KES”) company. Under the Koch Agreement, GLC’s brine will be processed using KTS’s proprietary Li-Pro™ technology at a KES location in Pickering, Ontario, Canada in order to determine the efficacy of Li-Pro™ for direct lithium extraction (“DLE”).
KTS and more broadly, Koch Industries (“Koch”), is a globally recognized entity that helps create value for customers across a growing portfolio of technologies. KTS is developing and leveraging synergistic technologies such as membrane filtration, ion exchange, evaporation, drying, and more to provide an optimized DLE solution. KTS has decades of experience in the development and transfer of advantaged technologies and will apply these capabilities working with GLC during this testing phase.
The selection of KTS for brine extraction testing and evaluation is in line with the Company’s previous communications involving our engagement with Hatch Ltd. (“Hatch“) and the process to screen a number of diverse potential DLE technologies.
The selection of KTS, and a soon to be announced second candidate, stems from extensive and deliberate screening procedures conducted by Hatch and GLC’s internal expertise. The Koch Agreement’s scope includes brine characterization and pre-treatment, followed by scoping lithium loading, washing and elution testing.
The results from the Koch Agreement are expected to be completed in the next 6-8 weeks. Upon a review of these results, we will make a final selection of the optimum extraction technology which will form part of the preliminary economic assessment (“PEA“), expected to be filed by the end of Q2 2023.
Gregg Smith, President & CEO, said:
GLC remains committed to our vision to build a commercial resource project by leveraging the technical expertise of those focused on extraction technology.
“We are delighted to be working with KTS to assess their Li-Pro™ process to determine if it supports our commerciality objective. Koch is a world-renowned company and we look forward to potentially partnering with entities such as Koch which provide scale, scope, expertise and credibility.”
Adam Sackett, KTS President, said:
We are thrilled to be selected as a potential lithium extraction solution for Grounded’s lithium operations.
“At KTS, we are committed to developing advantaged technologies and see the potential to apply our expertise to a growing global critical minerals industry for the benefit of our stakeholders. We look forward to conducting this evaluation and are confident our process will yield positive results leading to a mutually beneficial technology partnership.”
About Koch Technology Solutions
KTS is the technology licensing business of KES. KTS creates value for its customers across a growing portfolio of technologies including direct lithium extraction, the polyester value chain, refining industry and the 1,4-Butananediol plus its derivates. KTS combines its exclusive technologies, expertise, and capabilities with those of other KES companies to provide overall solutions to optimize customer’s capital investments and existing manufacturing assets.
About Grounded Lithium Corp.
GLC is a publicly traded lithium brine exploration and development company that controls approximately 3.7 million metric tons of lithium carbonate equivalent of inferred resource over our focused land holdings in Southwest Saskatchewan.
GLC’s multi-faceted business model involves the consolidation, delineation, exploitation and ultimately development of our opportunity base to fulfill our vision to build a best-in-class, environmentally responsible, Canadian lithium producer supporting the global energy transition shift. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.
Grounded Lithium Selects Koch Technology Solutions to Test Brine, CALGARY, AB, March 13, 2023
