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  • Schlumberger New Energy and Panasonic Energy are collaborating to optimize a lithium extraction and production process
  • This innovative and sustainable process will be used by Schlumberger at its new NeoLith Energy pilot plant in Nevada
  • The goal is to eliminate the need for any freshwater from an external source to reduce the plant’s environmental impact
  • Pure Energy Minerals owns the Clayton Valley lithium project where Schlumberger has a strategic investment
  • Pure Energy Minerals (PE) is up 16.53 per cent, trading at $1.41 per share

Pure Energy Minerals (PE) has announced that Schlumberger is collaborating with Panasonic Energy on a new lithium extraction and production process.

Schlumberger New Energy and Panasonic Energy, a division of Panasonic Corporation of North America, are collaborating to optimize a lithium extraction and production process.

This innovative and sustainable process will be used by Schlumberger at its new NeoLith Energy pilot plant in Nevada. With the new process and plant, Schlumberger and Panasonic will help meet the expected surge in demand for lithium as the global electric vehicle market takes off.

Allan Swan, president of Panasonic Energy of North America, commented on the collaboration.

"We look forward to working with Schlumberger New Energy,” he remarked, “to help achieve our vision of advancing the lithium-ion battery space and accelerating to a clean energy society."

The innovative process at NeoLith Energy uses a differentiated direct lithium extraction (DLE) process to produce high-purity, battery-grade lithium material while reducing the production time from over a year to weeks.

Panasonic will provide guidance throughout the process at the pilot plant, which is located just 200 miles from Panasonic’s large-scale advanced battery manufacturing operation.

Ashok Belani, executive vice president Schlumberger New Energy, also commented on the partnership.

"Panasonic is a pioneer in electric vehicle battery technology, and we are excited to collaborate with them in developing our differentiated direct lithium extraction and production process," he said.

The goal is to eliminate the need for any fresh water from an external source to reduce the plant’s environmental impact.

Pure Energy Minerals, a mineral exploration and development company, owns the Clayton Valley lithium project where Schlumberger has a strategic investment.

Pure Energy Minerals (PE) is up 16.53 per cent, trading at $1.41 per share as of 9:30 am ET.

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