Prairie Lithium Acquires Major Subsurface Mineral Permits in Saskatchewan, Canada
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Prairie Lithium has acquired 188,000 acres of subsurface mineral permits in Saskatchewan, Canada. The land acquisition increases Prairie Lithium’s total mineral holdings in Saskatchewan to more than 220,000 acres.
The land acquisition comes after Prairie Lithium’s successful direct lithium extraction (DLE) proof of process pilot project that operated in Saskatchewan in 2020. For the pilot project, Prairie Lithium installed its proprietary DLE equipment on an active oil and gas site in Saskatchewan. Lithium was extracted from the brine, converted into a lithium sulphate concentrate, and further converted into lithium carbonate.
Lithium carbonate and lithium hydroxide are two key compounds used in lithium ion batteries. With lithium ion battery manufacturing increasing around the world, the price of lithium compounds have increased drastically over the past few months, sending shockwaves throughout the supply chain. Demand for lithium is expected to outpace supply within the next few years unless, in Management’s view, new mines are brought into production at a record pace.
Prairie Lithium’s expertise in brine hydrochemistry and hydrogeology, coupled with its internal analytical capacity and its proprietary lithium extraction technology, positions it to be a leader in lithium brine development in Saskatchewan and beyond.
About Prairie Lithium
Prairie Lithium is a lithium resource, and technology developer situated in the heart of the resource-rich, Williston Basin. Its knowledge of lithium hydrochemistry is second to none. With expertise in hydrogeology, chemistry, and operations, Prairie Lithium is leading the charge in lithium development across the Williston Basin, and beyond.
To stop by Prairie Lithium’s website, CLICK HERE
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