- Tech One Lithium Resources has signed a facility fee agreement for the University of Melbourne’s Ekosolve Lithium Solvent Exchange Extraction technology
- The technology is more efficient than other lithium processing systems and provides a more eco-friendly option
- Spey Resources is a mineral exploration company with interests in the Candela II lithium brine project in Argentina and two silver projects in British Columbia
- Spey Resources Corp. (SPEY) is up 1.47 per cent on the day, trading at $0.345 per share
Spey Resources (SPEY) subsidiary Tech One Lithium Resources has signed a facility fee agreement for a lithium solvent processing technology.
The Ekosolve Lithium Solvent Exchange Extraction process is licensed by the University of Melbourne.
The technology efficiently manages brine processing with a grade higher than 99.2 per cent and a recovery of 97 per cent, far exceeding any ion exchange or adsorption process available to date.
The issue of extra processes needed to manage the presence of magnesium and boron in the brines is not an issue with the Ekosolve process, making it much more efficient than other systems such as adsorption, fractional crystallization, and ion exchange.
In addition, evaporation ponds are not required for this process, providing a more eco-friendly solution.
Nader Vatanchi, CEO and director of Spey Resources, commented on the announcement.
“Having access to the Ekosolve lithium extraction process could potentially save significant capital costs and provides the added benefit of being environmentally friendly,” he remarked.
“The process,” he added, “has been tested and patented at the University of Melbourne, Australia, and we are looking forward to sending our lithium brine samples there for testing within the next week or two.”
Spey Resources is a mineral exploration company with interests in the Candela II lithium brine project in Argentina and two silver projects in British Columbia.
Spey Resources Corp. (SPEY) is up 1.47 per cent on the day, trading at $0.345 per share as of 12:33 pm ET.
