Vulcan hits a key milestone, produces its first battery-quality lithium product

Highlights

  • Vulcan Energy announced the production of first battery-quality lithium hydroxide monohydrate (LHM) from its pilot plant in Germany.
  • VUL aims to emerge as the world’s first lithium producer with net-zero greenhouse emissions.
  • The samples produced from the pilot plant have exceeded traditional battery-grade LHM product.

Lithium mining company Vulcan Energy Limited (ASX:VUL) has announced the successful production of the first battery-quality lithium hydroxide monohydrate (LHM) from its pilot plant based in Germany. The lithium hydroxide monohydrate samples were produced at the pilot plant.

The Zero Carbon Lithium™ Project is designed to produce battery-quality lithium hydroxide from its combined lithium resource and geothermal energy. The project intends to produce both lithium hydroxide and geothermal energy from the same brine source.

Related Article: Why is Vulcan Energy Resource Ltd (ASX: VUL) share price shooting up?

Vulcan Managing Director’s Comments

Source: Copyright © 2021 Kalkine Media

High purity samples

The company said that the samples produced from the pilot plant exceeded traditional battery-grade LHM product specifications, with very low impurities and more than 56.5% lithium hydroxide monohydrate.

3D Lithium Element

3D Lithium Element | Source: © 3dalia | Megapixl.com

The chemical extracted by the sorbent in the pilot plant was recovered with water and sent offsite for purification. A third-party provider has purified and concentrated the lithium chloride extract for electrolysis to produce lithium hydroxide solution. Subsequently, the solution was crystallised to produce a battery-grade LHM product.

Data supporting Vulcan’s Definitive Feasibility Study

The data acquired during the production of LHM will be used for the Definitive Feasibility Study (DFS), which is currently being undertaken by the engineering teams of Hatch and Vulcan.

Suggested Read: How is Vulcan Energy (ASX: VUL) Progressing With Pilot Lithium Extraction Plant?

The company intends to continue to ramp up the supply of samples to its offtake partners. VUL is aiming for Phase 1 commercial production for CY2024. The pilot plant has been successfully operating since April 2021 and is expected to scale up progressively in the coming years.

Bottom Line

Vulcan Energy targets to become the world’s first lithium producer with net-zero greenhouse emissions and has progressed significantly towards its goal by producing the first battery-quality lithium hydroxide monohydrate (LHM) from its Zero Carbon Lithium™ Project.

Related Article: Why are Vulcan Energy (ASX:VUL) shares up ~57% in the last 8 sessions?

Shares of VUL last traded at AU$13.42 per share, up 0.83% on 27 September 2021 at 2:09 PM AEST.

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