
September 28, 2023
Lithium ONE Environmental Inc. ("L1X Corp" or "L1X") announced today that testing has been completed and they are moving forward with the construction of a 2500 tonnes LCE per annum production facility for the clean extraction of lithium and hydrogen on their land adjacent to a confirmed salar in Catamarca Argentina (heart of the lithium triangle) containing over 3 million tonnes of lithium (LCE) following the successful viability testing including nano-extraction, mass manufacturing capability and technical scalability.
Their proprietary nano-extraction technology facility delivers:
- ZERO external water consumption
- No pollution (land, air or water)
- 99% lithium capture from source
- Multi-mineral capture capability
- Ultra-Pure Water (UPW) is a bi-product from processing
- UPW is used for the extraction and delivery of HYDROGEN and OXYGEN
L1X is commencing their project financing via Private Placement as follows:
- $5M will be allocated to Series A
- $30M for Series B providing equity for the debt facility that is being negotiated
- Their land asset +$100M, can be used as security
David Stevenson, CEO stated, "I am very proud of how our team of leading global experts have overcome the technical deficiencies of DLE and Reverse Osmosis technologies while keeping a low OpEx and CapEx within market expectations."
Our low OpEx, being fully ESG compliant and the ability to operate at high elevation, provides the long-term viability for all of our projects.
Mr. Stevenson added, "This technology is fully commercialized, and field tested, allowing us to deploy subsequent 30,000-tpa production facilities to help meet global demand. This sets the stage to continue with our global strategy including future purchases, JV's, off-take agreements and IPO."
For more information or to request an investor package please visit L1X at: www.L1XCORP.com
ABOUTLithium ONE Environmental Inc. (L1X) is a privately held Canadian clean mining company of lithium and EV minerals with +100,000 hectares of land and salar assets in Argentina.
Forward-Looking StatementsThe forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. We seek safe harbor.
The Conversation (0)
7h
Livium Ltd (ASX: LIT) – Trading Halt
Trading in the securities of Livium Ltd (‘LIT’) will be halted at the request of LIT, pending the release of an announcement by LIT. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of: the commencement of normal trading on Friday, 17 October 2025; orthe... Keep Reading...
15h
GM Takes US$1.6 Billion Hit on EV Realignment as US Policy Shift Clouds Market Outlook
General Motors (NYSE:GM) will take a US$1.6 billion charge tied to its electric vehicle (EV) production realignment as the federal government rolls back clean energy incentives and emissions standards.In a regulatory filing on Tuesday (October 14), GM said the charges include a US$1.2 billion... Keep Reading...
13 October
EUR Sells a Further 3.85 Million CRML Shares for US$50M (A$76M) to a US Institutional Investor
European Lithium Ltd (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Company) is pleased to announce that Critical Metals Corp. (Nasdaq: CRML) in an off-market transaction has sold a further 3.85 million CRML shares to a single US institutional investor at US$13 per share (a 12%... Keep Reading...
12 October
Successful A$4.5m Two Tranche Placement
Green Technology Metals (GT1:AU) has announced Successful A$4.5m Two Tranche PlacementDownload the PDF here. Keep Reading...
10 October
Chairman on India Trade Mission with PM
Robin Brundle joins Prime Minister on first major trade mission to IndiaMr Brundle joins 125-strong delegation of leading business representatives, academic and cultural leaders, and government ministers on UK's largest ever trade mission to IndiaTechnology Minerals Plc (LSE: TM1), the first UK... Keep Reading...
09 October
Mining the Gap: 5 Forces Shaping North America’s Lithium Supply Chain
A convergence of industry investments, government initiatives and a shifting global trade dynamic is creating an environment ripe for the development of a North American battery supply chain, with lithium playing a leading role. These trends are reshaping the region’s industrial base and opening... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00