LiTHOS Submits $30 Million Follow-on Grant to DOE
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LiTHOS Group Ltd. said its wholly-owned subsidiary Aqueous Resources submitted its complete application for $30 million to the U.S. Department of Energy under funding opportunity announcement DE-FOA-0003105. Awards are anticipated to be announced in May 2024.
LiTHOS’ mission is to become the global standard in economically efficient, sustainable lithium production. LiTHOS’ patent-pending AcQUA™ technology eliminates the need for evaporation ponds — an environmentally damaging and water-intensive step in the lithium extraction process. AcQUA™ technology helps resource owners unlock higher yields more quickly from continental brine lithium resources at a substantially lower cost.
The company previously disclosed its pre-qualified status in September 2023 and has now finalized its application for up to $30 Million under area of interest (AOI) 1B phase II from the DOE funding opportunity. This provides up to $30 million of total grant funding per awardee to support pilot scale facility development and construction of lithium hydroxide processing plants to produce and refine critical minerals and materials in the United States.
This directly aligns with the vision and goals previously set out for the company’s Bessemer, Alabama processing complex, fully operational and permitted to produce pilot scale lithium hydroxide.
“We are excited to extend and expand our relationship with the U.S. Department of Energy and use this additional grant funding to accelerate pilot scale production of lithium hydroxide from the Bessemer, Alabama complex,” said Scott Taylor, chief executive officer.
“The requirement for the Bessemer complex was driven by substantial incoming, unsolicited customer demand for bespoke conditioning and pre-treatment processing prior to direct lithium extraction (DLE). We now can deliver near real-time ICP fluid sampling results for visiting customers to validate and verify our AcQUA™ technology on their reservoir brines,” added Taylor.
“The existing permits allow us to seamlessly extend our pre-treatment processing flowsheets to DLE and all the way through polishing and purification of battery grade lithium. We are grateful for the support we received from the Senate, Congress, the University of Alabama, and the City of Bessemer,” concluded Taylor.
LiTHOS’ mission is to deliver sustainable lithium production without the use of evaporation ponds. AcQUA™ is LiTHOS’ patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the DLE phase into the polishing and purification of battery grade lithium feedstock. LiTHOS has two fully operational processing facilities: a 4,000 sq ft lab in Denver, Colorado and a 55,000 sq ft complex in Bessemer, Alabama. LiTHOS is working under contract with multiple strategic mineral resource owners and processing brines from the largest Salars in Chile and Argentina, and the Smackover reservoir in the Southeastern United States. Their wholly owned subsidiary, Aqueous Resources, is a U.S. Department of Energy grant awardee and a Colorado Advanced Industries grant awardee.
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