LiTHOS Provides Q3 Corporate & Operational Update
LiTHOS Group (CBOE CA: LITS) has provided a Q3 corporate and operational update, highlighting significant advances in their AcQUA™ and TiERRA™ technologies for sustainable lithium production. The company has successfully validated its AcQUA™ technology in collaboration with Sociedad Quimica y Minera de Chile (SQM), demonstrating high-purity lithium recovery while removing impurities. LiTHOS is also in advanced discussions with other major lithium producers and DLE technology companies.
The company's TiERRA™ technology, a post-DLE solution for responsible brine re-injection, has garnered interest from two large customers under contract. LiTHOS has secured Phase II funding through the U.S. Department of Energy's FASTRACK program and is pursuing a multi-million-dollar Phase III 'Commercialization' grant. The company has also filed a special petition to expedite the issuance of a fundamental process patent for their electro-pressure membrane method.
LiTHOS Group (CBOE CA: LITS) ha fornito un aggiornamento aziendale e operativo per il terzo trimestre, evidenziando significativi progressi nelle loro tecnologie AcQUA™ e TiERRA™ per la produzione sostenibile di litio. L'azienda ha convalidato con successo la sua tecnologia AcQUA™ in collaborazione con la Sociedad Quimica y Minera de Chile (SQM), dimostrando un recupero di litio ad alta purezza e rimuovendo impurità. LiTHOS è anche in discussioni avanzate con altri importanti produttori di litio e aziende di tecnologia DLE.
La tecnologia TiERRA™, una soluzione post-DLE per il riutilizzo responsabile delle acque salate, ha suscitato l'interesse di due grandi clienti sotto contratto. LiTHOS ha ottenuto finanziamenti di Fase II attraverso il programma FASTRACK del Dipartimento dell'Energia degli Stati Uniti ed è in cerca di una sovvenzione multimilionaria per la Fase III di 'Commercializzazione'. L'azienda ha inoltre presentato una petizione speciale per accelerare il rilascio di un brevetto per un processo fondamentale relativo al loro metodo di membrana elettro-pressione.
LiTHOS Group (CBOE CA: LITS) ha proporcionado una actualización corporativa y operativa del tercer trimestre, resaltando avances significativos en sus tecnologías AcQUA™ y TiERRA™ para la producción sostenible de litio. La empresa ha validado con éxito su tecnología AcQUA™ en colaboración con Sociedad Quimica y Minera de Chile (SQM), demostrando una recuperación de litio de alta pureza y eliminando impurezas. LiTHOS también se encuentra en discusiones avanzadas con otros importantes productores de litio y empresas de tecnología DLE.
La tecnología TiERRA™, una solución post-DLE para la reinyección responsable de salmuera, ha despertado el interés de dos grandes clientes bajo contrato. LiTHOS ha asegurado financiación de Fase II a través del programa FASTRACK del Departamento de Energía de EE. UU. y está buscando una subvención multimillonaria de Fase III para la 'Comercialización'. La empresa también ha presentado una petición especial para acelerar la emisión de una patente de proceso fundamental para su método de membrana de electro-presión.
LiTHOS Group (CBOE CA: LITS)는 지속 가능한 리튬 생산을 위한 AcQUA™ 및 TiERRA™ 기술에서 중요한 발전을 강조하는 3분기 기업 및 운영 업데이트를 제공했습니다. 이 회사는 칠레 화학 광업 주식회사(SQM)와의 협력으로 AcQUA™ 기술을 성공적으로 검증하여 불순물을 제거하면서 높은 순도의 리튬 회수를 보여주었습니다. LiTHOS는 다른 주요 리튬 생산업체 및 DLE 기술 회사들과도 고급 논의를 진행 중입니다.
회사의 TiERRA™ 기술은 책임 있는 염수 재주입을 위한 DLE 후 솔루션으로, 계약을 체결한 두 대형 고객의 관심을 끌었습니다. LiTHOS는 미국 에너지부의 FASTRACK 프로그램을 통해 2단계 자금을 확보하였으며, 수백만 달러 규모의 3단계 '상용화' 보조금을 추진하고 있습니다. 또한, 전기 압력 막방법에 대한 기본 공정 특허를 신속히 발급받기 위한 특별 청원도 제출했습니다.
LiTHOS Group (CBOE CA: LITS) a fourni une mise à jour trimestrielle sur les activités corporatives et opérationnelles, soulignant des avancées significatives dans ses technologies AcQUA™ et TiERRA™ pour une production durable de lithium. L'entreprise a validé avec succès sa technologie AcQUA™ en collaboration avec la Sociedad Quimica y Minera de Chile (SQM), démontrant une récupération de lithium de haute pureté tout en éliminant les impuretés. LiTHOS est également en discussions avancées avec d'autres grands producteurs de lithium et des entreprises de technologie DLE.
La technologie TiERRA™, une solution post-DLE pour la réinjection responsable de saumure, a suscité l'intérêt de deux grands clients sous contrat. LiTHOS a sécurisé un financement de Phase II par le biais du programme FASTRACK du Département de l'Énergie des États-Unis et recherche une subvention de plusieurs millions de dollars pour la Phase III de 'Commercialisation'. L'entreprise a également déposé une demande spéciale pour accélérer l'émission d'un brevet de processus fondamental pour sa méthode de membrane à électro-pression.
LiTHOS Group (CBOE CA: LITS) hat ein Unternehmens- und Betriebsupdate für das dritte Quartal bereitgestellt, das bedeutende Fortschritte bei ihren AcQUA™ und TiERRA™ Technologien für nachhaltige Lithiumproduktion hervorhebt. Das Unternehmen hat seine AcQUA™-Technologie erfolgreich in Zusammenarbeit mit der Sociedad Quimica y Minera de Chile (SQM) validiert, was eine hochreine Lithium-Rückgewinnung bei gleichzeitiger Entfernung von Verunreinigungen zeigt. LiTHOS ist auch in fortgeschrittenen Gesprächen mit anderen großen Lithiumproduzenten und DLE-Technologieunternehmen.
Die TiERRA™-Technologie des Unternehmens, eine Post-DLE-Lösung für die verantwortungsvolle Wiederinjektion von Salzwasser, hat das Interesse von zwei großen Kunden unter Vertrag geweckt. LiTHOS hat Phase-II-Finanzierung über das FASTRACK-Programm des US-Energieministeriums gesichert und strebt eine mehrjährige Phase-III-Förderung zur 'Kommerzialisierung' an. Das Unternehmen hat auch einen Sonderantrag gestellt, um die Erteilung eines grundlegenden Verfahrenspatents für sein Elektro-Druckmembranverfahren zu beschleunigen.
- Successful validation of AcQUA™ technology with major lithium producer SQM
- Two large customers under contract for TiERRA™ technology
- Secured Phase II funding from U.S. Department of Energy's FASTRACK program
- Advanced discussions with multiple large lithium producers and DLE technology companies
- Filed special petition to expedite issuance of fundamental process patent
- None.
Scott
"Our AcQUA™ technology continues to prove its effectiveness, especially in our collaboration with Sociedad Quimica y Minera de Chile (SQM), one of the largest lithium producers in the world. This validation from an industry giant, which has tested nearly every Direct Lithium Extraction (DLE) technology available, speaks volumes about our competitive edge. The positive test results we've seen with AcQUA™ not only reinforce our ability to deliver high-purity lithium but also highlights the technology's impact on sustainability – a crucial factor as the global market shifts towards environmentally friendly energy solutions. "Further to SQM, we are also in advanced discussions with several other large lithium producers as well as companies that are at the forefront of the DLE technology space."
"We are equally excited about the growing interest in our TiERRA™ technology, a post-DLE solution that addresses one of the industry's biggest challenges—how to responsibly re-inject spent brine without continuously depleting freshwater resources. TiERRA™ is like a turbocharger for the DLE process, recycling and conditioning spent brine so it can be re-injected at scale, effectively closing the loop in the extraction process. This provides a significant environmental and technological benefit for companies while creating an additional revenue stream for LiTHOS, reinforcing our role as a leader in both innovation and sustainability. We have two large customers currently under contract with TiERA and look to immediately monetize this solution."
Key Achievements
- Technology Validation with SQM: In partnership with Sociedad Quimica y Minera de Chile (NYSE: SQM), AcQUA™ technology successfully demonstrated the ability to recover high-purity lithium while removing impurities like magnesium, boric acid, calcium, and sulfates—critical for producing battery-grade lithium. These tests were conducted at LiTHOS's advanced facility in
Bessemer, Alabama . - Global Collaborations: LiTHOS is currently working with two multinational corporations in the specialty chemicals and mining industries. After evaluating all available DLE technologies, these companies have selected AcQUA™ for pre-treatment testing and are actively exploring TiERRA™ as a solution for fluid re-injection at scale. These collaborations reflect LiTHOS's ability to deliver transformative results for global players in lithium production.
Innovative Technology
LiTHOS is at the forefront of lithium extraction by moving away from traditional, environmentally harmful methods like evaporation ponds. The company's AcQUA™ technology is a patent-pending hybrid electro-pressure membrane process that increases lithium concentration without the use of fresh water or harmful chemicals. This not only enhances the efficiency of lithium extraction but also drastically reduces the environmental impact, aligning with the industry's growing demand for sustainable mining practices.
TiERRA™ technology complements AcQUA™ by enabling the re-injection of spent brine after extracting lithium. This technology eliminates the need for fresh water, further reducing the environmental footprint of lithium extraction while providing a closed-loop solution that enhances the economic viability of DLE operations.
Grant Funding
Building on its success, LiTHOS has secured Phase II funding through the
Intellectual Property Protection
In addition, LiTHOS recently filed a special petition with the United States Patent and Trademark Office to expedite the issuance of the fundamental process patent "Electro-Pressure Membrane Method for Recovery and Concentration of Lithium from Aqueous Sources."
Looking Ahead
"Our achievements this quarter are just the beginning of a transformative period for LiTHOS," said
About LiTHOS
Lithos Group Ltd. is a mining technology company focused on selective extraction of aqueous minerals. The Company's AcQUA™ technology allows lithium to be extracted from continental brine reservoirs without the need for additional freshwater or any added chemicals or reagents. Lithium is now among the world's most in-demand metals as the world "electrifies" to reduce CO2 emissions, led by continuing growth in EV sales and the installation of hundreds of gigawatts of intermittent solar power generation capacity requiring partial battery storage solutions.
The Company's mission is to produce sustainable lithium without evaporation ponds. AcQUA™ is LiTHOS's patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the DLE phase into the polishing and purification of battery-grade lithium feedstock. LiTHOS has two processing facilities: a 4,000 sq ft lab in
LiTHOS is working with multiple strategic mineral resource owners, including brines from the largest Salars in
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ON BEHALF OF THE BOARD
Scott
Forward-Looking Statements: This news release contains certain forward-looking statements within the meaning of Canadian securities legislation, including with respect to: the plans of the Company; the purposed use of funds of the Second Tranche; and statements relating to the closing of additional tranches of the offering. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and involve several risks and uncertainties, including additional tranches of the offering may not close on the terms announced or at all; that the Company may use the proceeds of the Second Tranche for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Consequently, there can be no assurances that such statements will prove to be accurate, and that actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause future results to differ materially from those anticipated in these forward-looking statements include: limited operating history; research and development activities; effect of general economic and political conditions; and other risk factors set forth in the Company's public filings which are available on SEDAR+ at www.sedarplus.ca. Accordingly, the reader is urged to refer to the Company's such filings for a more complete discussion of such risk factors and their potential effects. Except to the extent required by applicable securities laws and the policies of Cboe Canada Inc., the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors should change.
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SOURCE Lithos Group Ltd.
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