Global demand is soaring for lithium with a 500 per cent increase by 2030. The metal is not easy to mine, and current methods are expensive and damaging to surrounding environments. The push is on for vehicle manufacturers to find ways to reduce the impact of their products on the environment, and battery-powered vehicles have the potential to be a significant game-changer in the race to carbon neutrality. But there are some significant problems when it comes to making the shift to e-vehicles.
First, its estimated that in the next 20 years, there will be a need to supply batteries for some two billion vehicles; second, the price of lithium has gone from $8,000 per tonne to $80,000 per tonne in the last two years; and finally, the current extraction methods used are inefficient and uneconomical. This is where Litus comes in using its patent-pending method to extract the metal from aqueous sources with minimal disruption to the environment. Litus’ extraction technology has a significantly smaller footprint resulting in minimal environmental impact. There is very little water consumed during the extraction process; in fact, only a small fraction of water is required in comparison to common methods, and any water used is 100 per cent recyclable. Our emissions are minimal.
Litus has developed a truly clean technology that eliminates several operation units and processes. The technology is proving to be superior in its ability to recover a greater percentage of lithium, nearly 95 per cent of high purity lithium is recovered. These advantages are possible because the nano solution can directly extract lithium from aqueous sources — you can think of the technology as nano-sized lithium magnets. Direct lithium extraction, enabled by nanotechnology, is emerging as a superior method because it significantly reduces the lithium industry’s environmental footprint and can work with existing infrastructure.
Why our venture should be considered one of Canada’s 50 most investable cleantech companies:
Litus is developing a new method of lithium extraction; through the use of nanoparticles, we have developed a process that is both more cost-effective and environmentally responsible. We are on the verge of unlocking more than 200 million tonnes of untapped lithium resources, and our efforts are gaining the attention of the energy industry, both in Canada and around the world. Litus’s LiNCTM technology is a novel, patent pending, advanced chemistry nanotechnology process and method to extract lithium from the aqueous sources (brines) with minimal disruption to the environment using Direct Lithium Extraction (DLE).