Patrick Highsmith, CEO of Pure Energy Minerals on the new technology for extracting lithium.
Lithium-ion batteries have been broadly adopted for lightweight applications where energy density is important. Obviously, that applies to the electronics we’ve been carrying around for years, but also to more intensive uses like electric vehicles.
The latest forecasts around the industry call for at least a quadrupling of size, considering lithium battery business over the next ten years.
About Pure Energy Minerals
Pure Energy is a Canadian listed mineral exploration and development company. Its flagship asset is the Clayton Valley Lithium Brine Project in Esmeralda County, Nevada. But the company also has an early-stage exploration project called Terra Cotta, in the lithium triangle of Northern Argentina.
Clayton Valley Lithium Project is expected to be a next generation producer of lithium hydroxide. Evaporation ponds can take up to two years to concentrate the lithium for production. However, the new Tenova technology can accomplish that in hours and in a cleaner, greener and faster way.
The PEA estimates the cost of production of lithium hydroxide there to be around $3,200 a ton. Certainly very cost competitive when compared to the best operations around the world today.
As a result, the company has signed a conditional supply agreement with Tesla. According to the agreement, if Pure Energy builds a mine, Tesla will be one of the first customers.
Emerging leader in the development of mineral exploration and project development.
The company’s lithium brine project in Clayton Valley is immediately adjacent to North America’s only producing lithium mine. It contains an inferred mineral resource of 816,000 tonnes of lithium carbonate equivalent (“LCE”), reported in accordance with Canadian National Instrument 43-101 on July 28, 2015.
The company is led by seasoned technical and business development professionals, who have deep roots in resource development, project and corporate finance, and mergers and acquisitions.
Among the relatively small community of lithium explorers and developers, few companies can boast more lithium specific experience than the Pure Energy team.
In addition, the company is at the leading edge of new processing technologies for lithium, through its collaboration with global multinational technology partners such as Tenova Bateman Technologies.
The purpose is to demonstrate and deploy low-cost and earth-friendly processing technologies. And so produce advanced lithium battery materials to meet the anticipated burgeoning growth in lithium demand.
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