Latest news with #Lithium
Yahoo
6 hours ago
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Northern Lithium successfully concludes 60-day long term pump tests and demonstration scale Direct Lithium Extraction trials
Detailed design engineering now underway for construction of first production boreholes and commercial scale DLE plant, underpinned by strong response to fundraising *** Key Points *** Successful completion of 60-day long term pump tests and in-field demonstration scale Direct Lithium Extraction (DLE) trials Further confirmation of consistent, economically viable concentrations of lithium in brines at relatively shallow drilling depths with strong flow rates and significant long-term yield potential 1:15 scale DLE plant designed, constructed, installed and operated at Ludwell Farm, Co. Durham by Evove and RSE >300 hours of stable operation in production mode and 3.5 million litres of Northern Lithium live brines processed Strong DLE trial results with 92% end-to-end lithium recovery rates achievable and 96.5% purity of lithium chloride/sulfate product produced Detailed design engineering for first operational production unit now underway to meet target date of first commercial lithium supply from end of 2027. Discussions underway with potential off-take and industry partners Excellent fundraising progress, with GBP3.45 million first tranche closed above expectations Marketing for a second tranche of up to a further GBP2.5 million to start shortly DURHAM, England, June 2, 2025 /PRNewswire/ -- Northern Lithium Ltd. ("Northern Lithium or the Company") is pleased to announce the successful conclusion of its recent programme of long term 60-day pump tests and Direct Lithium Extraction ("DLE") trials, which sought to further prove the commercial viability of lithium extraction from brines under the Northern Pennine Orefield in Co. Durham, Northeast of England. Nick Pople, Northern Lithium Managing Director, said, "The results of these recent trials are a great step forward for our unique partnership established to deliver a secure, sustainable supply of lithium for the UK using Northern Lithium's UK lithium brines, Evove's UK developed advanced DLE technology and RSE's UK process engineering expertise." Detailed analysis and interpretation of data collected over the 60-day pump testing period has confirmed and strengthened the results achieved during initial 30-day tests in 2024. In particular, the tests have provided: (i) further confirmation of consistent, economically viable concentrations of lithium in the brines abstracted throughout the test period, underpinning the input assumptions used in the Company's current project economic model, and (ii) confirmed the commercial suitability of the sub-surface hydrogeological formation, through a sustained programme of simultaneous abstraction and reinjection of brines at higher flow rates and for a longer period than previously tested. In a UK first, the demonstration scale trials of Evove Ltd's ("Evove") unique next-generation advanced Direct Lithium Extraction (DLE) technology was a resounding success, proving the plant design and meeting critical production KPIs, including lithium recovery rates and product purity levels. The project is believed to be one of only a handful that have been concluded at this scale world-wide outside China. Trial data was collected by Evove to inform the design of several process efficiency innovations, most notably the cascade operation of ultra selective nanofiltration membranes which are at the heart of this next-generation DLE system. The membranes' proven capability to remove nearly all impurities (especially calcium and magnesium) at the start of the DLE process creates significant efficiencies that translate to superior economics and a viable business case for decentralised production. Evove's modelling, derived from 78 million data points gathered through the processing of 3.5 million litres of Northen Lithium brines, indicates a commercial end-to-end lithium recovery rate of up to 92% from raw brine to final battery-grade product, surpassing the initial project target modelled at 80%, and a purity of lithium chloride/sulfate product produced of up to 96.5%. This exceptional purity simplifies the midstream conversion process to lithium carbonate and lithium hydroxide products used in electrical batteries, proving the suitability of Northern Lithium brines and Evove's DLE process, using combined membrane filtration and ion exchange stages, to meet domestic lithium demand and, critically, indicating lower capex and processing costs. Nick Pople said, "We have made considerable progress over the past year and are pleased that our recent long term pump tests and demo scale DLE trials have provided further proof of concept on our targeted path to first commercial production of lithium by the end of 2027. In the current geopolitical climate, it is encouraging that the UK government is recognising that the UK has an urgent need to secure its own domestic lithium supply. The results of our recent tests and trials have confirmed that Northern Lithium now has the opportunity and potential to scale up supply, within the next decade, to significantly more than our current base case target of 10,000 tonnes of battery-grade lithium delivered per year from a series of production sites across the Northern Pennine Orefield." Chris Wyres, CEO of DLE technology firm Evove, said, "We are delighted that Evove's advanced filtration technology is helping bring the Northern Lithium project to commercial reality. From the first brine processing at industrial scale in our DLE Test Centre in Widnes in 2023 to delivering fully operational demonstration scale in-field DLE trials this year is a remarkable testament to the unique partnership between Northern Lithium, engineering firm RSE and Evove." Northern Lithium and Evove will now proceed with detailed design engineering for the first fully functioning commercial scale DLE production unit, with operation targeted for end of 2027. In parallel, samples of lithium product produced from the recent trials will be used in discussions with potential off-take partners. Sam Rushworth, MP for Bishop Auckland, said, "Northern Lithium's continued progress towards commercial production and delivery of a domestic supply of lithium at scale, is good news for economic growth and creating jobs in an area that has suffered from de-industrialisation. Beyond the jobs created on site, this opens new economic opportunities in County Durham and the North East and is important to the government's forthcoming Industrial and Critical Minerals Strategy which aims to create a secure and sustainable supply of critical minerals for the UK." FUNDRAISING In September 2024, the Company set out to raise up to GBP6 million to fund its operations and next stage development programme through to the end of Q1 2026, aiming to raise an initial tranche ("Tranche 1") of up to GBP2.0 million to fund activities in H1 2025. Tranche 1 was closed at GBP3.45 million in Q1 2025, ahead of the 60-day pump tests and demo scale DLE trials. Marketing for a second tranche of funding ("Tranche 2"), of up to GBP2.5 million, will commence shortly. Nick Pople added, "The success of our fundraising to date reflects not just confidence in the progress we are making at Northern Lithium, but also a growing acceptance that the UK needs to develop its own secure and sustainable domestic lithium supply. We are confident that Northern Lithium is well placed to play a key part in meeting the UK's fast-rising demand for lithium, across everything from EVs and low carbon infrastructure to key elements of defence equipment." Tranche 2 will be deployed through the rest of 2025 and beginning of 2026 to cover an additional drilling programme along with the preparation and submission of full planning and permitting applications in readiness for next phase of commercial development work in 2026 and 2027. The Company will be assessing fundraising requirements for 2026 and beyond later this year. NOTES TO EDITORS UK demand for lithium It is forecast that the UK will need up to 80,000 tonnes of Lithium Carbonate Equivalent (LCE) per year by 2030 and as much as 135,000 tonnes per year by 2040. The Advanced Propulsion Centre UK said in its Q3 2024 Quarterly Automotive Demand Forecast (January 2025) that Battery Electric Vehicle (BEV) production in the UK is expected to top 1.1 million per annum by 2035 creating a demand for over 93 GWh of automotive batteries, from just 13 GWhs of demand in 2024. In 2024 381,970 new fully electric cars were sold in the UK, a 20% market share of all new cars registered that year. More fully electric cars were sold in 2024 than any other and 21% more than 2023. The first quarter of 2025 closed with 21% of all new cars being fully electric, signifying a steady rise in the market share. Battery requirements for grid scale energy storage are also increasing exponentially, adding to the supply chain pressure for lithium. Forecasts suggest global demand for lithium-ion batteries for grid scale energy storage could overtake EVs by 2050. The National Grid ESO, the electricity system operator for Great Britain, is forecasting that the UK will need nearly 200GWh of energy storage by 2050 against 5 GWh of operational grid-scale battery energy storage capacity at the end of 2024. According to the International Lithium Association's report "Lithium 2040" (May 2025), global lithium demand is expected to grow from 1.3Mt LCE today to between 3.6Mt and 5.2Mt LCE by 2040. About Northern Lithium Established in 2017, Northern Lithium is a privately-owned innovative critical minerals development company, based in County Durham, Northeast of England, focused on delivering a secure domestic supply of lithium from the North East for UK gigafactories and the UK's electric vehicle and power storage industries, using sustainable extraction and production techniques. Northern Lithium has up to 45 years' exclusive development, appraisal and production rights covering mineral rights owned by the Church Commissioners for England across circa. 240 sq kms (60,000 acres), of the North Pennine Orefield. The Company is at the forefront of delivering a secure, sustainable domestic supply of lithium at scale for the UK, using its own UK sourced lithium brines, UK developed advanced DLE (Direct Lithium Extraction) technology and UK process engineering expertise. About Evove Evove deploys advanced technology to reduce the cost and environmental impact of the filtration and separation of fluids in lithium, data centres and food & beverage production, as well as in desalination and the treatment of industrial water. For more information please contact: Northern Lithium Nick Pople, Managing Directore: nickpople@ +44 7788 665754 Richard Barton, RB Advisorse: richard@ +41 79 922 78 92 Evove Andrew Walkere: +44 7450 583660 Logo - View original content to download multimedia:
Business Wire
26-05-2025
- Business
- Business Wire
Arverne Group Has Entered Negotiations With Hydro Energy Invest AS With a View to Increase Arverne Group's Participation in Its Subsidiary Lithium de France
PAU, France--(BUSINESS WIRE)--Regulatory News: (Paris:ARVEN) (ISIN code: FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that it has entered negotiations with Hydro Energy Invest AS (a fully owned subsidiary within the Norsk Hydro group) to increase its stake in its subsidiary Lithium de France. Nature of the transaction The contemplated transaction would consist in Hydro Energy Invest contributing its shares in Lithium de France against Arverne Group shares. This transaction would enable Arverne Group to increase its stake in Lithium de France, whilst reinforcing its shareholding structure with a major energy player. If this project is completed the major shareholders of Lithium de France would be Arverne Group and Equinor Ventures. Lithium de France: an innovative and disruptive geothermal heat and lithium project in Alsace Lithium de France, created in 2020 by Arverne Group, is a pioneer in accelerating the energy transition by supplying heat to businesses, farmers and local authorities and producing lithium for electric mobility. By 2031, its groundbreaking project aims to produce 2.2 TWh of geothermal heat and an annual production capacity of 27 kt of lithium (LC), i.e. 33% of estimated French demand in 2035 1. The lithium will be extracted using DLE (Direct Lithium Extraction) technology from the rich geothermal brines in Alsace. The results of the pre-feasibility study (PFS) 2 confirmed the competitiveness of geothermal lithium production costs, placing the project in the top quartile worldwide, while respecting the environment and contributing to regional development. A reinforced ambition: to become the French leader in geothermal energy in all its forms, including geothermal lithium The proposed transaction will enable Arverne Group to reaffirm its position in the structurally buoyant market for critical metals in the energy transition, particularly lithium. Global demand for lithium, which is essential for electric batteries and energy storage, is set to increase fivefold by 2040, while supply is expected to be insufficient 3. Provisional schedule Completion of this transaction remains subject to the signature of definitive agreements and to usual conditions in this area. Arverne Group will keep investors informed of significant progress on this project, in accordance with its regulatory obligations. Next event: June 18, 2025, Combined General Meeting Expand About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About Lithium de France Lithium de France, a subsidiary of the Arverne Group, mission-driven company listed on the Tech Leaders segment of Euronext Paris, is a French pioneer in low-carbon geothermal heat and lithium. Founded in 2020, Lithium de France's mission is to accelerate the energy transition by supplying heat to businesses, farmers and local authorities alike, and producing lithium for electric mobility. Lithium de France is an innovative leader headquartered in Haguenau, northern Alsace. About Hydro Hydro is a leading aluminium and renewable energy company developing businesses and partnerships for a more sustainable future. It employs 32,000 people at more than 140 sites in 42 countries.
Yahoo
26-05-2025
- Business
- Yahoo
Copper Lithium Composite Foil Market Report 2025-2034: Rising Demand for Electric Vehicles and Technological Advancements in Battery Efficiency Driving Growth
Technological innovations have led to the development of thinner, more efficient composite foils, which contribute to the reduction of battery weight and overall cost. Furthermore, advances in manufacturing techniques, such as roll-to-roll processing, have increased production efficiency and scalability. Asia-Pacific, especially China, dominates the global supply chain due to its manufacturing capabilities and government policies promoting EV adoption. As electric mobility expands and energy storage solutions become more critical, the Copper Lithium Composite Foil market is poised for substantial growth. Copper Lithium Composite Foil Market Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "Copper Lithium Composite Foil Market - A Global and Regional Analysis: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to Copper Lithium Composite Foil market plays a crucial role in the advancement of battery technologies, particularly in lithium-ion and solid-state batteries. Copper-lithium composite foils are used as current collectors in battery cells, offering superior electrical conductivity, enhanced energy density, and improved thermal management. This market is driven by the growing demand for high-performance batteries, particularly in electric vehicles (EVs) and energy storage systems (ESS). The Copper Lithium Composite Foil market is currently in the growth stage of its lifecycle. As the demand for electric vehicles (EVs) and energy storage systems (ESS) continues to rise, the need for advanced battery materials, including copper-lithium composite foils, is expanding rapidly. This market is benefiting from significant technological advancements, such as improvements in the foil's thickness, conductivity, and performance, which are crucial for enhancing battery efficiency and increasing focus on sustainability and reducing carbon emissions is driving regulatory support and investment in electric mobility, further accelerating market growth. Additionally, the development of new manufacturing techniques, like roll-to-roll processing, is optimizing production efficiency and scalability. With the rising adoption of EVs and the continuous evolution of battery technologies, the Copper Lithium Composite Foil market is well-positioned for continued expansion and innovation in the coming Segmentation Highlights: The Lithium-Ion Battery is one of the prominent application segments in the global copper lithium composite foil market. The global copper lithium composite foil market is estimated to be led by the Single-sided Lithium segment in terms of type. In the copper lithium composite foil market, Asia-Pacific is anticipated to gain traction in terms of copper lithium composite foil production, owing to the continuous growth in the adoption of electric vehicles and the presence of key manufacturers in the regions. Market Dynamics Demand drivers for the global copper lithium composite foil market: Rising Demand for Electric Vehicles (EVs) Technological Advancements in Battery Efficiency The global copper lithium composite foil market is expected to face some limitations as well due to the following challenges: High Production Costs of Copper-Lithium Composite Foils Supply Chain Constraints for Raw Materials Key Market Players and Competition SynopsisThe copper lithium composite foil market comprises key players who have established themselves thoroughly and have the proper understanding of the market, accompanied by start-ups who are looking forward to establishing themselves in this highly competitive of the prominent established names in this market are: China Energy Lithium Ganfeng Lithium MTI Corporation Yosaite Construction Materials Enhanced Materials Tech Guancheng Metal Technology Tecsun Technology JIMAT Kunshan Dongwei Technology Shenzhen Baoming Technology Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $6.9 Million Forecasted Market Value (USD) by 2034 $16 Million Compound Annual Growth Rate 9.7% Regions Covered Global Key Topics Covered: 1. Markets: Industry Outlook1.1 Trends: Current and Future Impact Assessment1.2 Stakeholder Analysis1.2.1 Use Case1.2.2 End User and Buying Criteria1.3 Market Dynamics Overview1.3.1 Market Drivers1.3.2 Market Restraints1.3.3 Market Opportunities1.4 Regulatory & Policy Impact Analysis1.5 Patent Analysis1.6 Start-Up Landscape1.7 Investment Landscape and R&D Trends1.8 Future Outlook and Market Roadmap1.9 Supply Chain Analysis1.10 Value Chain Analysis1.11 Global Pricing Analysis1.12 Industry Attractiveness2. Copper Lithium Composite Foil Market (by Application)2.1 Application Segmentation2.2 Application Summary2.3 Copper Lithium Composite Foil Market (by Application)2.3.1 Lithium-Ion Battery2.3.2 Semi-Solid/Solid-State Battery3. Copper Lithium Composite Foil Market (by Product)3.1 Product Segmentation3.2 Product Summary3.3 Copper Lithium Composite Foil Market (by Product Type)3.3.1 Single-sided Lithium3.3.2 Double-sided Lithium4. Copper Lithium Composite Foil Market (by Region)4.1 Copper Lithium Composite Foil Market (by Region)4.2 North America4.2.1 Regional Overview4.2.2 Driving Factors for Market Growth4.2.3 Factors Challenging the Market4.2.4 Key Companies4.2.5 Application4.2.6 Product4.2.7 North America (by Country)4.3 Europe4.4 Asia-Pacific4.5 Rest-of-the-World5. Markets - Competitive Benchmarking & Company Profiles5.1 Next Frontiers5.2 Geographic Assessment5.3 Company Profiles5.3.1 Overview5.3.2 Top Products/Product Portfolio5.3.3 Top Competitors5.3.4 Target Customers5.3.5 Key Personnel5.3.6 Analyst View5.3.7 Market Share6. Research Methodology For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Copper Lithium Composite Foil Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
08-05-2025
- Business
- Yahoo
Lithium Corporation Commences 2025 Field Work
ELKO, NV / / May 8, 2025 / Lithium Corporation (OTCQB:LTUM), a mineral exploration company committed to advancing North America's energy independence through domestic critical mineral resources, is pleased to announce the commencement of its 2025 summer field work. For the upcoming year, the Company will continue to focus on critical minerals, with generative efforts related to Lithium, Fluorspar, Rare Earths, and Antimony currently being initiated. To facilitate and expediate these efforts, Brian Goss, currently the Company's Vice President of Business Development, will also assume the role of VP, Exploration. Brian brings extensive expertise and strategic leadership to guide the Company's exploration activities. As the founder of Rangefront Mining Services, based in Elko, Nevada, Brian has played a pivotal role in geological services across the mining and exploration sectors. In addition to his entrepreneurial leadership, he has held executive positions at various companies, including serving as President of Lithium Corporation from 2014 to 2017. Lithium Corporation welcomes Brian to his expanded role and is eager to embark on a new field season focused on unlocking the full potential of the Company's diverse portfolio of critical mineral prospects. About Lithium CorporationLithium Corporation is a mineral exploration company dedicated to securing North America's energy independence through domestic critical mineral resources. As one of the few Project Generators in North America's critical minerals sector, the Company leverages its extensive exploration expertise to focus on energy metals with the goal of helping achieve energy independence for North America. The Company's dual operational focus spans two worldclass mining jurisdictions, with promising lithium prospects in Nevada, USA, and a diverse portfolio of titanium, rare earth elements, graphite, fluorspar, and antimony properties in British Columbia, Canada. Lithium Corporation is committed to driving a secure and independent energy future for North America through strategic investments in energy metals exploration and related opportunities, such as renewable energy generation and energy storage solutions. ContactTom Lewis, President & CEO775-410-5287info@ On behalf of the Board of Directors"Tom Lewis"Tom Lewis, President & CEO Notice Regarding Forward-Looking StatementsThis current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Lithium Corporation (OTCQB-LTUM) 1031 Railroad St. Ste 102B Elko NV 89801 (775) 410-5287 SOURCE: Lithium Corporation View the original press release on ACCESS Newswire
Cision Canada
06-05-2025
- Business
- Cision Canada
CENTURY LITHIUM PROVIDES TECHNICAL UPDATE ON ANGEL ISLAND
VANCOUVER, BC, May 6, 2025 /CNW/ - Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or "the Company") is pleased to provide an update on its 100%-owned lithium project, Angel Island ("Angel Island") near Silver Peak, Nevada and the associated Lithium Extraction Facility ("Demonstration Plant") in Amargosa Valley, Nevada. "Century Lithium has continued to advance Angel Island through the Company's Demonstration Plant," said Bill Willoughby, Century Lithium President and CEO. "Our Demonstration Plant allows us to improve our technology through various avenues of testing, most recently with ARi, where recent results have exceeded our expectations." Advancements to the Demonstration Plant Century Lithium has successfully completed testing at the Demonstration Plant in collaboration with Amalgamated Research, LLC ("ARi") of Twin Falls, Idaho. This testing focused on new developments within the Direct Lithium Extraction ("DLE") portion of Century Lithium's process. These results exceeded expectations for lithium recovery and eluate grade produced from a primary step in the DLE process. The Company believes this could result in a substantial reduction in the estimated capital and operating costs at Angel Island. Results from DLE Pilot Testing (November 2024–January 2025): 328 milligrams per liter ("mg/L") lithium feed concentration 91.6% lithium recovery 575 mg/L eluate grade with a low Na:Li ratio of 0.6:1 Additional Technical Progress at the Demonstration Plant An increase of lithium in eluate to 12 to 14 grams per liter ("g/L") lithium concentration using specialty membranes in the concentration steps following DLE Continued operation of the lithium carbonate ("Li 2 CO 3") circuit, resulting in 99.87% purity in Li 2 CO 3 samples Third-party evaluation is underway on Li 2 CO 3 samples for use in producing lithium iron phosphate ("LFP") batteries. LFP batteries have a high energy density and long cycle life and are used in solar, energy storage systems and long-range EV applications Testing is underway for thermal pretreatment of Angel Island clay with the potential to significantly reduce hydrochloric acid use in the leach stage of processing Qualified Person Todd Fayram, MMSA-QP and Senior Vice President, Metallurgy of Century Lithium is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release. ABOUT CENTURY LITHIUM CORP. Century Lithium Corp. is an advanced stage lithium company, focused on developing its wholly owned Angel Island project in Esmeralda County, Nevada, which hosts one of the largest sedimentary lithium deposits in the United States. The Company has utilized its patent-pending process for chloride leaching combined with direct lithium extraction to make battery-grade lithium carbonate product samples from Angel Island's lithium-bearing claystone on-site at its Demonstration Plant in Amargosa Valley, Nevada. Angel Island is one of the few advanced lithium projects in development in the United States to provide an end-to-end process to produce battery-grade lithium carbonate for the growing electric vehicle and battery storage market. Angel Island is currently in the permitting stage for a three-phase feasibility-level production plan expected to yield an estimated life-of-mine average of 34,000 tonnes per year of carbonate over a 40-year mine-life. To learn more, please visit ON BEHALF OF CENTURY LITHIUM CORP. WILLIAM WILLOUGHBY, PhD., PE President & Chief Executive Officer NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. Cautionary Note Regarding Forward-Looking Statements This release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an outlook. Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statements with respect to the potential development and value of the Project and benefits associated therewith, statements with respect to the expected project economics for the Project, such as estimates of life of mine, lithium prices, production and recoveries, capital and operating costs, IRR, NPV and cash flows, any projections outlined in the Feasibility Study in respect of the Project, the permitting status of the Project and the Company's future development plans. These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. These risks include those described under the heading "Risk Factors" in the Company's most recent annual information form and its other public filings, copies of which can be under the Company's profile at
