Enirgi Group Validates Revolutionary New Proprietary Lithium Extraction Technology
(Thomson Reuters ONE) -
TORONTO, Oct. 29, 2014 (GLOBE NEWSWIRE) -- Enirgi Group Corporation ("Enirgi
Group") today announced that its new proprietary lithium extraction technology
has exceeded expectations.
KEY FEATURES OF THIS REVOLUTIONARY TECHNOLOGY
* Produces lithium directly from unconcentrated raw brine at commercial
volumes;
* Radically reduces processing time from the conventional 500+ days to less
than 24 hours;
* Totally eliminates the need for capital intensive mega-evaporation pond
infrastructure;
* Reliably brings to the market high volumes of low cost predictable supply of
high grade lithium;
* Sets new industry benchmarks through superior extraction efficiencies; and
* Potentially unlocks the value of other brine resources.
The technology was developed and validated by Enirgi Group's Applied Innovation
Division, in partnership with the Australian Nuclear Science and Technology
Organisation Minerals Division (ANSTO Minerals) at demonstration plant scale
(1,500 tpa Lithium Carbonate Equivalent or "LCE").
"Enirgi Group's proprietary lithium extraction process is a game changer. It
will release supply for pent up global demand for lithium by delivering high
volume, low cost, reliable supply of lithium," said Wayne Richardson, President
and CEO of Enirgi Group. "The technology will have significant implications for
producers of lithium-based products by enabling them to plan for the future with
confidence."
Enirgi Group's VP of Innovation and Technology, Cameron Stanton said, "The
demonstration plant is able to extract lithium directly from unprocessed brine.
We are not talking about technology that only produces small volumes from
specific brines to just prove it can be done. This technology can be applied at
high volumes and we are confident it can be applied to other brine resources. We
plan to commence construction of an initial 50,000 tpa LCE plant at Enirgi
Group's Salar del Rincon situated in Salta Province, Argentina in 2015 and to be
in production in 2017."
Mr. Richardson said, "This technology will not only deliver one of the lowest
costs of production for brine-based lithium resources, we estimate it will be up
to 50% less than the processing costs of existing hard rock operations. The
ability to extract lithium directly from brine is significant. It reduces
processing time from conventional lithium brine extraction techniques through
evaporation from an industry average 550 days to less than 24 hours. The
technology de-risks production vulnerability of conventional extraction
techniques to seismic and weather events. It also eliminates the need for mega-
evaporation ponds and the associated capital required for construction and
maintenance of the mega ponds."
The technology also dramatically increases the recovery rate compared to
conventional extraction technologies. Mr. Richardson explained the significance
of this feature: "Resource statements measure the amount of extractable lithium
in a salar by reference to the recovery rates of conventional technologies. By
increasing the yield and significantly reducing capital investment, our
technology potentially unlocks the value of other lithium brine resources."
The lithium extraction technology was conceived and developed by Enirgi Group's
Applied Innovation Division. "The fact that this revolutionary technology was
conceptualized, developed, proven in the laboratory and is now proven at
scalable demonstration level within one year is testament to the practical
approach to innovation and ingenuity applied by our engineering team," said
Richardson. "We are currently working to commercialize other disruptive
industrial process technologies. Our success in delivering lithium extraction
directly from brine gives us confidence that we are able to successfully develop
and commercialize other proprietary industrial process technologies through our
cooperation with world class technology innovators such as ANSTO."
"At Enirgi Group we believe that innovation, a commitment to excellence and a
focus on a triple bottom line delivers better outcomes," said Richardson. "Our
proprietary lithium extraction technology is just one example of how Enirgi
Group delivers shareholder value while conserving our planet and caring for our
people."
About Enirgi Group Corporation
Enirgi Group is a private global company headquartered in Toronto, Canada that
owns and operates an inventory of world class, long-life assets located in the
USA, Australia, and Argentina. Our results driven team focuses on providing the
critical materials that are required to sustain our modern way of life and
support the emerging technologies that improve life. Enirgi Group's target
sectors include Industrial Metals & Mining, Chemicals, Diversified Industrials,
Oil & Gas and Utilities. Enirgi Group is currently producing, selling and
exporting sodium bicarbonate, lead concentrate, lead metal and alloys, sodium
sulfate, polypropelene and lithium carbonate.
For commercial enquiries, please contact commercialenquiries(at)enirgi.com
For further information please contact:
Enirgi Group Corporation
Jessica Helm
VP, Corporate Communications
Suite 3001, 1 Adelaide Street East
Toronto, Ontario M5C 2V9
(416) 956 5122
Email: info(at)enirgi.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Enirgi Group Corporation via GlobeNewswire
[HUG#1867001]
Datum: 29.10.2014 - 23:37 Uhr
Sprache: Deutsch
News-ID 348161
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