LiTHOS TECHNOLOGY LLC SIGNS TERM SHEET WITH SAND SPIRIT LLC TO SCOPE AND CONSTRUCT ';CRIMSON TIDE' LITHIUM HYDROXIDE PILOT PRODUCTION FACILITY IN ALABAMA
- LiTHOS Energy Ltd. has signed a term sheet with Sand Spirit LLC to develop a lithium hydroxide monohydrate production facility in Alabama.
- The facility will be strategically located near major automobile manufacturers and the Smackover brine reservoir.
- LiTHOS aims to enhance its capacity for customer pre-treatment and direct lithium extraction programs.
- The facility will leverage LiTHOS's patent-pending pre-treatment process.
- None.
- LiTHOS will own and operate the Crimson Tide production facility.
- The 'Crimson Tide' Hydroxide facility will selectively pre-treat raw continental brines, concentrate lithium chloride with DLE, and upgrade the concentrate into a final battery grade product of lithium hydroxide monohydrate.
- Facility is strategically located next to Mercedes-Benz US International, Inc., Honda Manufacturing of
Alabama , LLC, Hyundai Motor Manufacturing Alabama, LLC. TheAlabama site is Hyundai's firstU.S. manufacturing plant and ranks as the state's third-largest industrial employer tied with Merceds-Benz. - In regional proximity to the Smackover brine reservoir and all major
U.S automobile Manufacturers including Tesla, G.M, and Ford. - The complex consists of 3 buildings that are 6,000, 7,000, and 42,000 sq. ft. each and are all located in
Bessemer, Alabama . - This facility seeks to enhance LiTHOS' capacity to conduct multiple simultaneous customer pre-treatment, and DLE demonstration programs.
(i) Storage of raw, intermediate, and processed brines;
(ii) Pre-treatment processing systems and operations;
(iii) Lithium chloride ("LiCl") concentration processing systems and operations; and
(iv) Direct lithium extraction ("DLE") processing systems and operations;
(v) Lithium chloride treatment and refining activities ("Refining") into LiOH H2O.
Ancillary equipment and services will include all operations necessary for the completion of a successful lithium pre-treatment processing, LiCl concentration, DLE, and Refining operations including power, reagent, and water supply.
Scott
Scott
Rusty and Mark have a demonstrated track record of repeatedly delivering and maturing patented technologies from bench to pilot to commercial scale rapidly. Some highlights of success include:
- Supercritical Alcoholysis. U
$60M project to make/recover natural vitamin E. Scaled from Idea to bench to pilot to commercial tech in 4 years; Mark Tegen and Rusty Sutterlin inventors. Now the single largest natural vitamin E plant in the world [see Figure 2 below]. An additionalUS installed capital cost projects in final completion 2023 using same technology for non-vitamin E applications. https://inventurechem.com/solutions/mscf-solutions/$200M - Soap Carbonate.
project, final commissioning 2023.$25M $200M + of projects in pipeline utilizing technology. Mark Tegen and Rusty Sutterlin inventors. Utilizes carbon dioxide (as carbonic acid) to turn a waste product from refining of edible cooking oils back into a renewable fuel or chemical raw material. Process consumes CO2. Worldwide partnership with Air Liquide ( AI.PA: ). WEB NEWS NEWS-2$87B - GreenBox. Revolutionized the shipping of temperature sensitive drugs, tissues and blood. Rusty Sutterlin inventor. Winner of the DuPont diamond award for packaging innovation. NEWS NEWS-2
The term sheet sets out certain preliminary terms for a potential joint development agreement ("JDA") between LiTHOS and Sand Spirit LLC (the "Transaction"), which the parties will seek to negotiate and enter within 180 days of date of entry of the Term Sheet.
The JDA will contemplate the establishment of a governance structure for the Transaction as well as the allocation of the following duties and responsibilities of the parties for the development of each aspect of the Site in the following three phases (collectively, the "Project Phases"):
Phase 1: Site Development Strategy
Phase 2: Site Contracting and Implementation
- Complete front-end loading designs and engineering for the Site upon selection of a target source brine, volume of brine to processed and location for processing plant;
- Negotiate definitive agreements, including a fixed-price and date-certain engineering, procurement and construction contract and a comprehensive lithium marketing and distribution strategy for the Site;
Phase 3: Final Investment Decision
- Mutually agree to a final investment decision ("FID"), provided that all conditions precedent to FID as set forth in the JDA are met to the satisfaction of each of the parties; and
- Complete the construction, commissioning, and placement into service of the Site consistent with the purpose and Project Phases. The pilot production System capacity shall be right-sized for Building 3 or other suitable site as determined by the parties.
Facilities and Equipment are in downtown
Equipment
- ICP-OES Agilent
- LC-MS Sciex Triple Quad 5500 Mass Spec.
- Silverson L4RT High Shear Mixer with 4 different heads.
- Shimadzu TA-60 Differential Scanning Calorimeter (DSC)
- TA Instruments Q2000 Differential Scanning Calorimeter (DSC)
- TA Instruments Q600 Thermogravimetric Analyzer (TGA).
- Three Hewlett Packard 6890 gas chromatograph (GC-MS)-5973 MS detector and autosampler.
- Shimadzu HS-20 gas chromatograph (GC-MS) with head space analyzer
- Hewlett Packard 5890 gas chromatograph (GC-FID) detector and autosampler
- Hewlett Packard 1100 high performance liquid chromatograph (HPLC) including detector analysis by evaporative light scattering and an autosampler.
- Dionex LC-20 with PAD and AS40 Autosampler
- KNAUR Simulated Moving Bed Lab Bench
- Buchi Reveleris X2 Flash chromatography
- Buchi Reveleris PREP flash chromatography
- Calgon ISEP – Simulated Moving Bed Pilot Plant with 30 columns (3 inch by 4 foot) (4 systems)
- Nanalysis NMReady 60 Pro
- 10L photochemical reactor
- 20L photochemical reactor (4 systems)
- Multiple ovens, chillers, balances, and chemical storage cabinets.
- Denver Instruments Karl Fisher Titrator Model 375
- Denver Instruments Model 250 pH/Ion/Conductivity Meter.
- Metrohm 743 Rancimat Analyzer
- Heidolph 4001 Efficient Rotary Evaporator (3 units)
- Pensky Martin Closed Cup Flash Point
- SI Analytics Acid and Base Auto Titrators
- Brookfield DV-E Viscometer
- Wurster Bed Coater
- Spray dryer – 4L/hr pilot
- Multiple Environmental Chambers
- BR Instruments Spinning Band Distillation Column with eight fraction collectors, BR Instruments 36/100 with CPU and vacuum
- BR Instruments Spinning Band Distillation Column with eight fraction collectors, BR Instruments 9600 with CPU and vacuum
- Spinning Disk Molecular Distillation Lab 3 Still from Meyers Vacuum.
- Glass Wiped Film Evaporator with continuous feed pump and two stage condenser, InCon ICL-04WR WFE
- Two inch glass distillation column
- Oldershaw Glass distillation Column
- Parr series 4550 high pressure reactor (2,500psi) (4 units)
- Parr series 4540 high pressure reactor (3,500psi) (2 units)
- 200 gallon glass lined pressure reactor with agitator
- 150 gallon Inconel pressure reactor (600psi) with agitator
- 5L, 20L and 50L rotary evaporators
- 10L, 20L, 50L and 100L jacketed stirring glass reactors
- Falling film evaporators
- Thin film evaporator
- Wiped film evaporators
- Multiple heating and cooling utilities (Mokon, Julabo, Chromalox, PCS)
- Multiple batch pressure vessel reactors
- Three 10 gallon, and one 20-gallon pilot scale reactor for use up to 2100 kPa,
- 75, 150 and 200 gallon market-development reactor,
- typical glassware reactor configurations,
- 4 liter Zipperclave by Autoclave Engineers with pneumatic drive rated at 2000psi
- 50 ml, 600 ml and three 2000 ml PARR reactor with PID control, programmable temperature control
- 100 L jacketed Glass Reactor
- three packed-bed reactor systems capable of programmed and remote operation through the CAMILE control system with NT software.
- 200 ml Autoclave Engineer Model 401A-9723 reactor capable of 5500psi at 650°F
- Continuous 200 ft long reactor 1.0 inch diameter Plugged Flow Reactor, with dual agitated piston pumps
- CIX/CIC system
- Computer/Software
Aspen for chemical engineering modeling- Solid Works for CAD drawings
- Scifinder for Chemical Research
- Access to the University of Alabama Electronic Library
The Company's mission is to deliver sustainable lithium production without the use of evaporation ponds. Our wholly owned subsidiary Aqueous Resources is a US Department of Energy FAST TRACK grant Winner and a Colorado Advanced Industries grant winner. AcQUA™ is our patent-pending electro-pressure membrane process and method for recovery and concentration of lithium chloride from aqueous sources. This process spans the pre-treatment of raw brines through the DLE concentration of lithium chloride. We have a fully commissioned brine processing facility in
ON BEHALF OF THE BOARD
Scott
Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, the final terms of the Transaction and the execution of a JDA in respect of thereof, receipt of any necessary third-party of governmental approvals with respect of the Transaction and any statements related to the anticipated timing of the Transaction. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, the successful negotiation of the JDA and the Company's ability to obtain any necessary approvals for the Transaction. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, but are not limited to, the inability of the Company to change its name. Further, the ongoing labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflict in
These forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lithos-technology-llc-signs-term-sheet-with-sand-spirit-llc-to-scope-and-construct-crimson-tide-lithium-hydroxide-pilot-production-facility-in-alabama-301918701.html
SOURCE Lithos Energy Ltd.
FAQ
What is LiTHOS Energy Ltd. announcing?
Where will the facility be located?
What is LiTHOS's goal with this facility?
What will the facility leverage?