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Overview of LiTHOS Group Ltd
LiTHOS Group Ltd stands out as a pioneer in sustainable lithium extraction, applying advanced electro-pressure membrane technology and Direct Lithium Extraction (DLE) methods to produce battery-grade lithium feedstock from natural brine reservoirs. The company’s patent-pending AcQUA™ technology revolutionizes the industry by eliminating the need for traditional evaporation ponds and minimizing environmental impact, positioning LiTHOS as a key contributor in the drive toward eco-friendly and efficient mineral processing.
Core Technology and Operations
The AcQUA™ system developed by LiTHOS integrates the complete value chain from initial brine pre-treatment to the final purification of lithium. This innovative approach uses a hybrid electro-pressure membrane process, which concentrates lithium without the use of additional freshwater or harmful chemicals. By effectively removing impurities and reinvesting conditioned brine in a closed-loop system, the technology not only enhances product purity but also reduces the ecological footprint of lithium extraction.
Facilities and Strategic Collaborations
LiTHOS operates from two fully functional facilities: a specialized research lab in Denver, CO, and a large-scale processing complex in Bessemer, AL. These sites are integral to testing, developing, and scaling the AcQUA™ technology. The company collaborates with multiple strategic mineral resource owners and processes brines sourced from some of the world’s largest salars in Chile and Argentina, as well as from the Smackover reservoir in the United States. Such collaborations provide a diversified portfolio of resources and a competitive edge in the sustainable mining sector.
Market Position and Industry Significance
In a global landscape where lithium is rapidly becoming a critical resource due to the electrification of transport and expansion of renewable energy storage, LiTHOS is well-positioned to address market needs. The company’s sustainable approach and innovative technology address the dual challenge of increasing lithium production while adhering to stringent environmental standards. By avoiding conventional, water-intensive extraction methods, LiTHOS not only secures a competitive operational advantage but also reinforces its commitment to environmental stewardship.
Intellectual Property and Technological Advancements
LiTHOS has recently secured significant intellectual property rights by obtaining a U.S. patent for its integrated electro-pressure membrane method. This patent covers the entire process from raw brine pre-treatment to the production of high-purity lithium compounds, ensuring a comprehensive and adaptable framework that can integrate various DLE techniques. The strategic protection of this process underlines LiTHOS’s technical expertise and commitment to long-term innovation in lithium extraction technology.
Operational Excellence and Industry Recognition
The company has consistently demonstrated operational excellence through rigorous laboratory-scale tests and field validation phases. Its participation in international mining conferences and recognition by industry bodies are testaments to both the quality of its processes and the depth of its technical expertise. LiTHOS’s accomplishments, including successful technology demonstrations and validated performance metrics in challenging operational environments, highlight its robust business model and dynamic market presence.
Conclusion
LiTHOS Group Ltd exemplifies the integration of advanced technology, operational efficiency, and strategic collaboration in the sustainable lithium production sector. With its innovative AcQUA™ technology at the core, the company offers a comprehensive solution to the complex challenges of environmentally responsible mineral extraction. As the demand for high-purity lithium continues to rise, LiTHOS remains a significant player in the evolving landscape of sustainable mining, providing unparalleled expertise and a solid foundation built on technical innovation and strategic industry partnerships.
LiTHOS Group (CBOE CA: LITS) has secured a U.S. patent for its Electro-Pressure Membrane Method for lithium recovery. The patent covers all five stages of lithium extraction and refinement, from pre-treatment to final processing of Lithium Carbonate or Hydroxide. The company's AcQUA™ technology enables lithium extraction without freshwater or chemicals, while TiERRA™ provides closed-loop brine re-injection. The patent strengthens LiTHOS's ability to operate complete lithium refineries and integrate various Direct Lithium Extraction (DLE) methods. The technology has been validated through collaboration with SQM, demonstrating high-purity lithium recovery.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) has announced a strategic move to preserve capital and align leadership interests with long-term growth. The company's Board has approved the grant of 1,422,350 Restricted Share Units (RSUs) and Performance Share Units (PSUs) to executive officers, board members, and strategic consultants as compensation in lieu of cash.
LiTHOS also reported progress with its AcQUA™ technology for Direct Lithium Extraction (DLE). The system has proven effective in optimizing lithium chloride concentration while reducing water and chemical consumption. Through collaborations with leading lithium producers, AcQUA™ has undergone rigorous testing and field trials, showcasing its scalability and efficiency across diverse brine compositions.
The company announced the passing of Seth Coblentz, former Vice President, General Counsel, and Corporate Secretary. Hannah Benson will take over as Corporate Secretary.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) has announced successful laboratory-scale tests of its AcQUA™ pre-treatment technology on lithium brine from SQM's Salar de Atacama. The tests demonstrated high lithium yield recovery and effective impurity removal, including magnesium, boric acid, calcium, and sulfates. AcQUA™ uses a patent-pending hybrid electropressure membrane process that increases lithium concentration without freshwater or harmful chemicals. This technology eliminates the need for evaporation ponds, reducing the environmental footprint of lithium mining. LiTHOS operates two processing facilities in Denver, CO, and Bessemer, AL, and is working with strategic mineral resource owners in Chile, Argentina, and the United States.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) announces two significant events:
1. CEO Scott Taylor will receive the 2024 Outstanding Denver Technical Presentation Award from the Society of Petroleum Engineers (SPE) on August 28, 2024.
2. LiTHOS will participate in EnerCom Denver® 2024, with Taylor presenting on August 21st at 8:35 AM MT.
LiTHOS, a leader in innovative lithium extraction technologies, focuses on sustainable lithium production without evaporation ponds using its AcQUA™ technology. The company operates two processing facilities and works with strategic mineral resource owners in Chile, Argentina, and the United States.
LiTHOS Group (CBOE CA: LITS), a leader in innovative lithium extraction technologies, has filed its FYE 2024 audited financial statements. The company reported significant progress in strengthening its financial position:
- Raised $3.5 million through financing activities
- Increased investment in Tangible Assets to $857,068
- Recognized $783,568 in grant income
- Improved cash balance to $691,178
- Total Assets increased to $26.2 million
- Shareholders' Equity rose to $23.3 million
LiTHOS continues to invest in growth initiatives, including the acquisition of AcQUA™ technology, which has enabled the company to secure multiple paid pilot brine processing projects. Despite reporting a net loss of $7.3 million, the company remains committed to investing in future growth through business, corporate, and technology development.
FAQ
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