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LithiumOre bets on metal extraction in Nevada

Mon, 10/15/2018 - 00:00 -- Hugh Finzel

LithiumOre is to form a new division to develop a method of extracting battery-grade lithium from brine.

The division will extract battery metals from LithiumOre’s 26,000-acre Nevada land holdings, as well as marketing its extraction technology to other mining companies.

The Nevada-based exploration and development company said current extraction technology— involving a series of evaporation ponds— can take up to two years to complete and requires a huge amount of water, meaning the process is no longer permissible within the US.

LithiumOre CEO Doug Cole said the new division “simultaneously creates a technology side to our business with an entirely new revenue stream independent of our mining operations and realises our goal of becoming a fully integrated lithium mining and production company”.

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