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Lithos Group Ltd
Symbol LITS
Shares Issued 84,537,988
Close 2024-04-24 C$ 0.62
Market Cap C$ 52,413,553
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Lithos chosen for next phase of ENAMI DLE project

2024-04-25 10:11 ET - News Release

Mr. Scott Taylor reports


Lithos Group Ltd. has been selected for the next phase of the Chilean National Mining Company (ENAMI)'s direct lithium extraction project. This selection follows a competitive global request for information (RFI) where Lithos showcased the application of its innovative Acqua extraction technology for the High Andean Salt Flats project in the Atacama region.

ENAMI will evaluate results from laboratory tests with brine samples from the project site with a select few vendors who were invited to ENAMI's technology screening process. The lab testing phase is crucial for assessing the feasibility and effectiveness of Lithos's Acqua technology in promoting sustainable lithium extraction practices that can operate in harsh field environments.

This advancement in the RFI process highlights ENAMI's and Lithos's commitment to environmental stewardship through the application of technological innovation in the mining sector. The company's proprietary technology, which eliminates the need for traditional evaporation ponds, aligns with Chile's efforts to minimize environmental impacts and enhance resource efficiency.

Lithos Technology is honoured to contribute to this significant project, which aligns with its strategic objectives and the global movement toward sustainable mining practices.

About Lithos Group Ltd.

Lithos Group 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 carbon dioxide emissions, led by continuing growth in electric vehicle 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 pretreatment 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-square-foot lab in Denver, Colo., and a 55,000 square ft complex in Bessemer, Ala.

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