Lithium

ALBemarle Corporation a global leader in advanced lithium materials, and 6K , an emerging leader of microwave-controlled plasma technology, today announced they have signed a joint development agreement to explore the use of 6K's patented UniMelt® advanced, sustainable materials production platform to develop novel lithium battery materials through potentially disruptive manufacturing processes. " Albemarle is ...

ALBemarle Corporation (NYSE: ALB), a global leader in advanced lithium materials, and 6K , an emerging leader of microwave-controlled plasma technology, today announced they have signed a joint development agreement (JDA) to explore the use of 6K's patented UniMelt® advanced, sustainable materials production platform to develop novel lithium battery materials through potentially disruptive manufacturing processes.

" Albemarle is developing advanced lithium materials to enable breakthrough levels of lithium-ion battery performance. The UniMelt plasma technology opens new reaction pathways for lithium material innovation. Our collaboration with 6K has significant potential," said Dr. Glen Merfeld , Chief Technical Officer for Albemarle Lithium.

At the same time, 6K's UniMelt platform promises benefits for sustainable manufacturing. For instance, if a conventional 16-GWh battery cathode production plant was converted to 6K's UniMelt platform, it would reduce CO 2 emissions by 70% (equal to 10M trees per year); lower water consumption by 90% ( 6.3M barrels per year) and reduce wastewater production by 100% ( 7M barrels per year) while requiring a 50% smaller factory footprint.

" 6K technology creates the opportunity for modular manufacturing allowing for a smaller footprint, faster construction, and new models for localization. The collaboration sets a strong foundation not only for advanced material development but also for future commercialization," Merfeld said.

"We are pleased to partner with a world leader in lithium technology and production," commented Dr. Aaron Bent , 6K's CEO. "The agreement with Albemarle highlights the commitment of both organizations to drive battery material performance enhancements while introducing more sustainable production methods. We are thrilled to welcome Albemarle to our investor group and our engineers are eager to work alongside Albemarle's team."

In addition to the JDA, Albemarle has made an undisclosed investment in 6K through Volta Energy Technologies. An existing financial investor in 6K , Volta is a venture capital firm launched in 2017 that also connects strategic investors like Albemarle with well-researched investment opportunities in the energy storage sector. " Albemarle's engagement with 6K is yet another example of Albemarle's commitment to maintain its technology leadership in lithium," said Dr. Jeff Chamberlain , CEO of Volta Energy Technologies. "Volta is thrilled that 6K continues to work directly with world leaders in the development of its ground-breaking manufacturing technology."

About Albemarle
ALBemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses, and the markets it serves.

Forward-Looking Statements
Some of the information presented in this press release, including, without limitation, information related to the exploration of the use of 6K's patented UniMelt® advanced, sustainable materials production platform to develop novel lithium battery materials through potentially disruptive manufacturing processes; Albemarle's developing advanced lithium materials in an effort to enable breakthrough levels of lithium-ion battery performance; the UniMelt plasma technology opening new reaction pathways for lithium material innovation; Albemarle's collaboration with 6K having significant potential; UniMelt's platform promising benefits for sustainable manufacturing (and the related metrics associated therewith); 6K's technology creating the opportunity for modular manufacturing allowing for a smaller footprint, faster construction, and new models for localization; the collaboration setting a strong foundation for advanced material development and for future commercialization; and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed herein. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: Albemarle and 6K may be unsuccessful in using 6K's patented UniMelt® advanced, sustainable materials production platform to develop novel lithium battery materials through potentially disruptive manufacturing processes; changes in economic and business conditions; changes in financial and operating performance of its major customers and industries and markets served by it; the timing of orders received from customers; the gain or loss of significant customers; competition from other manufacturers; changes in the demand for its products or the end-user markets in which its products are sold; limitations or prohibitions on the manufacture and sale of its products; availability of raw materials; increases in the cost of raw materials and energy, and its ability to pass through such increases to its customers; changes in its markets in general; fluctuations in foreign currencies; changes in laws and government regulation impacting its operations or our products; the occurrence of regulatory actions, proceedings, claims or litigation; the occurrence of cyber-security breaches, terrorist attacks, industrial accidents, natural disasters or climate change; hazards associated with chemicals manufacturing; the inability to maintain current levels of product or premises liability insurance or the denial of such coverage; political unrest affecting the global economy, including adverse effects from terrorism or hostilities; political instability affecting its manufacturing operations or joint ventures; changes in accounting standards; the inability to achieve results from its global manufacturing cost reduction initiatives as well as its ongoing continuous improvement and rationalization programs; changes in the jurisdictional mix of its earnings and changes in tax laws and rates; changes in monetary policies, inflation or interest rates that may impact its ability to raise capital or increase its cost of funds, impact the performance of its pension fund investments and increase its pension expense and funding obligations; volatility and uncertainties in the debt and equity markets; technology or intellectual property infringement, including cyber-security breaches, and other innovation risks; decisions it may make in the future; the ability to successfully execute, operate and integrate acquisitions and divestitures; uncertainties as to the duration and impact of the coronavirus (COVID-19) pandemic; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

About 6K
6K represents 6000 degrees, setting 6K technology apart from all others. It is the temperature of operation of UniMelt (5778°K to be exact), the world's only microwave production-scale plasma, and also is the temperature of the surface of the sun.

6K uses proprietary, advanced plasma processing and industrial systems to create materials that are enabling the next generation of commercial and consumer products. The company's continuous UniMelt process allows for complete and unprecedented control of the entire materials engineering process to produce materials at exact specifications.

The 6K Additive division is an ISO9001 facility, reclaims and processes over a million pounds of Ti-64 per year, and has recently built and commissioned a state-of-the-art, 48,000-square-foot production facility for additive manufacturing powders.

To learn more about 6K , please visit www.6Kinc.com

About Volta Energy Technologies
Volta Energy Technologies is a venture capital firm spun out of the U.S. Department of Energy's Argonne National Laboratory, focused on identifying and investing in breakthrough energy storage and battery innovations after performing deep diligence with the support of unparalleled global research institutions. Seeded by strategic corporate investors Albemarle , Exelon, Equinor and Hanon Systems, Volta connects innovators with investors and relevant industries that are adopting energy storage technology, delivering strategic returns for all. To learn more, visit plusvolta.com and follow @VoltaLink on Twitter.

To learn more about Volta, please visit https://volta.vc/

Notes for editors

Albemarle press releases are available here .

6K press releases are available here .

Volta press releases are available here .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-and-6k-sign-joint-development-agreement-to-develop-novel-lithium-battery-materials-301460880.html

SOURCE Albemarle Corporation

News Provided by PR Newswire via QuoteMedia

ALB
copper highlights

Benton Reports Results of Phase II Drilling at Far Lake Copper-Silver Project, Ontario

Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") today announces results from the Phase II drilling program at its Far Lake Copper-Silver project located 80 km west of Thunder Bay, Ontario. The second phase of drilling at Far Lake totaled 2,696 m and was designed to test new areas associated with surface mineralization as well as various chargeability anomalies outlined by a deep, 3D IP geophysical survey. Highlights from this latest campaign include copper mineralization in the previously untested Centre Pond zone, intersected at a drill hole depth of 338 m (DDH FL-21-17).

Benton continues to be encouraged by the Cu mineralization identified in this intrusive complex and will continue to model the data collected for further targeting on the project. The Company is presently collecting up to 3,500 soil samples for multi-element analysis and is actively mapping and prospecting the property to generate further targets for drilling later this year. Geochemical anomalies identified in 2020 soil sampling led to the discovery at FL-20-11.

Keep reading... Show less

Cypress Development: Potential Long-Term Low-Cost Producer of Lithium in Nevada

Cypress Development (TSXV:CYP, OTCQB:CYDVF) focuses on developing its 100 percent owned Clayton Valley lithium project in Nevada, USA. The company’s extensive exploration and development have led to discovering a world-class lithium-bearing claystone resource adjacent to the Albemarle (NYSE: ALB) Silver Peak mine, North America’s only lithium brine operation. The company’s discovery of the massive resource made Clayton Valley a premium American source of lithium that has the potential to impact the supply of lithium for the fast-growing energy storage battery market.

“We’re in Nevada and we’re in a country that badly needs lithium. We would be the most environmentally friendly project, and the lowest acid consumer. We’re able to eliminate sulfuric acid in our process and that would make us an extremely environmentally friendly, large, inexpensive low cost producer in the heart of the United States.” said Cypress Development CEO Dr. Bill Willoughby.

Keep reading... Show less

Sienna Update on Norway Gold Project

Sienna Resources Inc. (TSXV: SIE) (FSE: A1XCQ0) (OTC PINK: SNNAF) (the "Company") Sienna Resources is pleased to announce the commencement of field exploration at the Bleka Gold Project in Norway. The Bleka Vein was discovered in 1880 and mined intermittently until 1940, with historic production reported as 165 kilograms (i.e., ~ 5,300 troy ounces) of gold sourced from mineralized material with an average grade of 36 gt gold1.  The historic Bleka vein is hosted in a deformed greenstone belt in southern Norway and was formed during two phases of quartz-veining events. Auriferous quartz veins characteristically contain Cu-Bi and tourmaline2. Compilation of historic reports combined with reconnaissance mapping revealed a series of under-explored vein swarms on the Bleka property. Earlier this year, a systematic sampling program to test the vein swarms was initiated to identify gold-rich vein sets. Results were encouraging with over 10% of samples showing anomalous gold results (6 of 52 rockchip samples contained more than 0.1 ppm Au)3.  Historic reports show rock chip samples with similar quantities of anomalous results with some vein samples reaching up to 103 gt Au4.  As a result of this field work, previously unknown quartz veins were discovered and follow-up soil sampling is currently being conducted in an attempt to identify additional buried quartz veins.

Going forward Sienna has planned more surface sampling coupled with a planned UVA supported magnetic survey which will delineating important structural features to generate  high priority drill targets. Over the coming weeks the historic mine maps will be compiled to create 3D model of the known mineralization and drill planning will commence to test mineralized continuation down plunge and along strike from the existing mine workings.  SIE has not performed sufficient work to verify the published data reported above, but SIE believes this information is considered reliable and relevant.

Keep reading... Show less
TSXV:SIE

Sienna Closes Flow-Through Financing

 Sienna Resources Inc. (TSXV: SIE) (FSE: A1XCQ0) (OTCBB: SNNAF) (the "Company") Sienna has closed its financing consisting of 2,222,222 flow-through shares for gross proceeds of $200,000. No warrants were issued in the financing. An aggregate finders' fee of $12,000 was paid in connection with the private placement. All the securities issued in connection with this private placement have a hold period that expires on February 17, 2021. Proceeds will be used towards the Company's planned work programs. The private placement is subject to final approval of the TSX Venture Exchange and was originally announced on October 14, 2020. Please refer to that news release.

This flow through will be allocated primarily for Sienna's Marathon North Platinum-Palladium Property in Northern Ontario directly bordering Generation Mining Ltd.'s (CSE: GENM) 7.1-million-ounce palladium-equivalent Marathon Deposit. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company's properties.

Keep reading... Show less
CSE:CBII

CB2 Insights Selected by Vireo Health to Support Medical Cannabis Clinical Trial

Highlights:

  • CB2 chosen to advance application with the US FDA for study on safety and efficacy of cannabis-based topical treatments by leading multistate operator, Vireo.
  • Project marks the start of the clinical trial process for Vireo’s topical creams, lotions and gels to be used by patients for pain management.
  • Company will develop full protocols and manage Investigational New Drug (IND) application on behalf of Vireo and will work with the FDA towards approvals.
  • Vireo will also be licensing the Company’s Sail technology platform for full data collection to ensure structured, clean data availability when required.

CB2 Insights (CSE:CBII, OTCQB:CBIIF) (“CB2” or the “Company”), a leading data-driven company focused on bringing real-world evidence driven from the point-of-care to the medical cannabis community, today announced it has partnered with Licensed Producer, Vireo Health International Inc. (“Vireo”) (CNSX:VREO, OTCQX:VREOF), to advance the proof of safety and efficacy for cannabinoid therapy as it relates to metered-dosing for patients with ailments in which cannabis-based medicine is believed to support. CB2 will oversee the protocol development and Investigational New Drug (IND) Application directly with the US Food & Drug Administration (FDA). The successful completion will position Vireo for industry leadership when it comes to cannabis-based topical medication used to treat pain. Vireo will also license the Company’s Sail technology platform for full data collection and management.

Keep reading... Show less
large lithium battery

Top 9 Lithium Stocks (Updated January 2022)

Editor's note — This article was originally focused on the top Canadian lithium stocks, but has been expanded to cover the top lithium stocks globally. Click here to read about the top Canadian lithium stocks.

Lithium prices hit an all-time high in 2021 as electric vehicle sales went through the roof in key markets.

With interest in battery metals surging, plenty of lithium companies have experienced share price increases.

Here the Investing News Network takes a look at the top lithium stocks with year-on-year gains. The list below was generated using TradingView’s stock screener on January 20, 2022, and includes companies listed on the NYSE, TSX, TSXV and ASX; all top lithium stocks had market caps above $10 million when data was gathered.

Keep reading... Show less

Power Metals Closes Equity Financing and Welcomes Sinomine as Partner

Power Metals Corp. (" Power Metals " or the " Company ") (TSX VENTURE : PWM)(FRANKFURT: OAA1)(OTC: PWRMF) is pleased to announce that it has closed its previously announced $1,500,000 equity financing with Sinomine Resource Group Co., Ltd., and the concurrent non-brokered financing of an additional $1,500,000 in units (the " Units ") for total gross proceeds to the Company of $3,000,000 .

Keep reading... Show less
Balkan Mining and Minerals

Received Boron Assays Yields Encouraging Exploration Results For Dobrina Project

Balkan Mining and Minerals Ltd (BMM or the Company) (ASX: BMM) is pleased to announce the final boron assays from its surface sampling program completed at the Dobrinja project.

Keep reading... Show less
Lithium Power International

Outstanding Results Delivered By The Maricunga Lithium Brine Project In Its Updated Definitive Feasibility Study

Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) through its Joint Venture (“JV”) Company, Minera Salar Blanco S.A. (“MSB”), is pleased to provide details of the updated Definitive Feasibility Study (DFS) for its Maricunga Stage One lithium brine project in northern Chile. The study confirms that Maricunga Stage One could be one of the world’s lowest-cost producers of lithium carbonate, with a solid ESG strategy to support a sustainable future.

Keep reading... Show less

The Power Play by The Market Herald Releases Interviews With Xali Gold, Falcon Gold, Psyched Wellness, Argentina Lithium, and Algernon Pharmaceuticals

The Power Play by The Market Herald has announced the release of new interviews with Xali Gold, Falcon Gold, Psyched Wellness, Argentina Lithium, and Algernon Pharmaceuticals discussing their latest press releases

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

Keep reading... Show less
Europena Metals Logo

PFS UPDATE DELIVERS OUTSTANDING RESULTS

European Metals Holdings Limited (EMH or the Company) (ASX & AIM: EMH, OTC – Nasdaq Intl ADS: EMHXY) is pleased to announce the results of the mining update to the 2019 Pre-Feasibility Study (2022 PFS Update), led by mining definitive feasibility study (DFS) consultant Bara Consulting, on the backfilling potential of the Cinovec mine, in which it has a 49% economic interest, in the Czech Republic.

Keep reading... Show less

Latest Press Releases

Related News

×