06:41:33 EDT Sun 19 May 2024
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Tevano Systems Holdings Inc (2)
Symbol TEVO
Shares Issued 53,836,580
Close 2023-05-17 C$ 0.12
Market Cap C$ 6,460,390
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Tevano supports Chilean government push for new DLE

2023-05-17 07:22 ET - News Release

Mr. David Bajwa reports

TEVANO SYSTEMS HOLDINGS INC. SUPPORTS CHILEAN GOVERNMENTS PUSH TOWARDS A NEW SUSTAINABLE DIRECT LITHIUM EXTRACTION (DLE) METHOD

Tevano Systems Holdings Inc. fully supports the Chilean government's recent push toward a new method of direct lithium extraction (DLE), according to a recent article on the Mining website.

While the demand for lithium continues to soar, Chile's traditional method of extracting the mineral through evaporation ponds has become increasingly unsustainable. The article states: "billions of litres of salty water is vaporized in one of the most arid places on Earth."

"As the Chilean government prepares to unveil a policy to develop new deposits, it will require projects to use a more selective or direct process that would mean far less evaporation," states the article. "For us, any future development has to done (sic) with direct extraction," Mining Minister Hernando is quoted as saying in the article.

Both SQM and Albemarle, Chile's major lithium producers, currently pump up vast amounts of brine, storing it in giant evaporation ponds for a year or more before processing it and shipping it off to Chinese and Korean battery makers. They are presently investigating alternative cutting-edge DLE technologies, according to the Mining article.

"We believe that the new extraction method proposed by the Chilean government is a crucial step towards creating a more sustainable and efficient lithium mining industry," said Tevano's chief executive officer, David Bajwa.

"Our Eo-Cycle DLE technology employs a closed-looped process that returns 100 per cent of the depleted brine water into the aquifers, processing an estimated two cubic metres of throughput per minute with an expected lithium recovery rate of up to 95 per cent. This process also allows for the selective extraction of lithium from various sources, while minimizing the production of waste materials," added Aqua-Eo's chief technology officer Mohammed Al-Mofty, PEng.

Tevano's support for the Chilean government's new DLE method and its expertise in sustainable extraction technology solutions, position the company as a key player in the transition toward a more environmentally sustainable approach to lithium mining.

"By reducing the need for large infrastructure investments while minimizing the use of expensive chemicals and water resources, our technology can also lower the overall cost of lithium production," concluded Mr. Bajwa.

About Tevano Systems Holdings Inc.

Tevano is committed to developing and commercializing innovative technologies that have the potential to transform industries and create long-term value for the company's stakeholders. Through its wholly owned subsidiary Aqua-Eo, an environmentally focused industrial technology and engineering company, Tevano is fostering the development of its commercial extraction solutions for lithium and other strategic metals, industrial waste water, and oil and gas effluent remediation and treatment.

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