VANCOUVER, BC, Sept. 23, 2024 /PRNewswire/ – LiTHOS Staff Ltd. (“LiTHOS” or the “Company”) (CBOE CA: LITS), a pacesetter in sustainable lithium brine manufacturing applied sciences, is happy to handover shareholders with a Q3 company and operational replace highlighting important advances within the corporate’s AcQUA™ and TiERRA™ applied sciences, and brandnew strategic partnerships with primary lithium manufacturers.

Scott Taylor, CEO of LiTHOS, shared his keenness in regards to the corporate’s contemporary journey:

“Our AcQUA™ technology continues to prove its effectiveness, especially in our collaboration with Sociedad Quimica y Minera de Chile (SQM), one of the largest lithium producers in the world. This validation from an industry giant, which has tested nearly every Direct Lithium Extraction (DLE) technology available, speaks volumes about our competitive edge. The positive test results we’ve seen with AcQUA™ not only reinforce our ability to deliver high-purity lithium but also highlights the technology’s impact on sustainability – a crucial factor as the global market shifts towards environmentally friendly energy solutions. “Additional to SQM, we also are in complicated discussions with a number of alternative immense lithium manufacturers in addition to firms which might be at the vanguard of the DLE era dimension.”

Taylor emphasised that LiTHOS isn’t just preventing at lithium medication however is pushing the limits of innovation:

“We are equally excited about the growing interest in our TiERRA™ technology, a post-DLE solution that addresses one of the industry’s biggest challenges—how to responsibly re-inject spent brine without continuously depleting freshwater resources. TiERRA™ is like a turbocharger for the DLE process, recycling and conditioning spent brine so it can be re-injected at scale, effectively closing the loop in the extraction process. This provides a significant environmental and technological benefit for companies while creating an additional revenue stream for LiTHOS, reinforcing our role as a leader in both innovation and sustainability. We have two large customers currently under contract with TiERA and look to immediately monetize this solution.”

Key Achievements

• Generation Validation with SQM: In partnership with Sociedad Quimica y Minera de Chile (NYSE: SQM), AcQUA™ era effectively demonstrated the facility to get well high-purity lithium hour doing away with impurities like magnesium, boric acid, calcium, and sulfates—crucial for generating battery-grade lithium. Those checks had been performed at LiTHOS’s complicated facility in Bessemer, Alabama.
• International Collaborations: LiTHOS is lately operating with two multinational companies within the distinctiveness chemical compounds and mining industries. Later comparing all to be had DLE applied sciences, those firms have decided on AcQUA™ for pre-treatment checking out and are actively exploring TiERRA™ as an answer for fluid re-injection at scale. Those collaborations mirror LiTHOS’s skill in order transformative effects for international gamers in lithium manufacturing.

Cutting edge Generation

LiTHOS is at the vanguard of lithium extraction by way of shifting clear of conventional, environmentally damaging forms like evaporation ponds. The corporate’s AcQUA™ era is a patent-pending hybrid electro-pressure membrane procedure that will increase lithium focus with out the usefulness of new H2O or damaging chemical compounds. This now not best complements the potency of lithium extraction but in addition enormously reduces the environmental have an effect on, aligning with the business’s rising call for for sustainable mining practices.

TiERRA™ era enhances AcQUA™ by way of enabling the re-injection of spent brine upcoming extracting lithium. This era removes the desire for new H2O, additional lowering the environmental footprint of lithium extraction hour offering a closed-loop answer that complements the industrial viability of DLE operations.

Lend Investment

Construction on its good fortune, LiTHOS has join Segment II investment throughout the U.S. Branch of Power’s FASTRACK program to validate each AcQUA™ and TiERRA™ applied sciences additional. The corporate is now pursuing a multi-million-dollar Segment III ‘Commercialization’ lend to boost up the deployment of those programs throughout key buyer initiatives.

Highbrow Feature Coverage

As well as, LiTHOS lately filed a distinct petition with america Patent and Trademark Place of work to expedite the issuance of the basic procedure patent  “Electro-Pressure Membrane Method for Recovery and Concentration of Lithium from Aqueous Sources.”

Taking a look Forward

“Our achievements this quarter are just the beginning of a transformative period for LiTHOS,” mentioned Taylor. “As demand for lithium continues to grow with the global push towards electric vehicles and renewable energy storage, we are confident that our innovative technologies position us to become a key player in meeting that demand sustainably. With the anticipated announcements of new contracts and continued validation from industry leaders, we are moving closer to our goal of becoming a commercial services company that not only extracts lithium but does so in a way that safeguards the environment for future generations.”

About LiTHOS

Lithos Staff Ltd. is a mining era corporate interested in selective extraction of aqueous minerals. The Corporate’s AcQUA™ era permits lithium to be extracted from continental brine reservoirs with out the desire for spare freshwater or any added chemical compounds or reagents. Lithium is now a number of the global’s maximum in-demand metals as the sector “electrifies” to let fall CO₂ emissions, led by way of proceeding expansion in EV gross sales and the set up of masses of gigawatts of intermittent solar energy moment capability requiring partiality battery attic answers.

The Corporate’s challenge is to construct sustainable lithium with out evaporation ponds. AcQUA™ is LiTHOS’s patent-pending era that spans all the worth chain from the conditioning and pre-treatment of uncooked brines throughout the DLE segment into the sprucing and purification of battery-grade lithium feedstock. LiTHOS has two processing amenities: a 4,000 sq toes lab in Denver, CO, and a 55,000 sq toes advanced in Bessemer, AL. 

LiTHOS is operating with more than one strategic mineral useful resource house owners, together with brines from the biggest Salars in Chile and Argentina and the Smackover reservoir within the Southeastern United States. Our wholly-owned subsidiary, Aqueous Sources LLC, is a US Branch of Power lend awardee and a Colorado Complex Industries lend awardee. For more info, please get in contact with LiTHOS Investor Family members at 1-877-LITHOS1 / 1-877-548-4671 or by means of e-mail at [email protected].

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ON BEHALF OF THE BOARD

Scott Taylor – CEO

Ahead-Taking a look Statements: This information let fall incorporates positive forward-looking statements inside the which means of Canadian securities regulation, together with with recognize to: the plans of the Corporate; the purposed usefulness of finances of the 2nd Tranche; and statements on the subject of the utmost of spare tranches of the providing. Even if the Corporate believes that such statements are affordable, it can provide negative agreement that such expectancies will end up to be proper. Ahead-looking statements are statements that don’t seem to be ancient information; they’re typically, however now not all the time, recognized by way of the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and homogeneous expressions, or that occasions or statuses “will,” “would,” “may,” “can,” “could” or “should” happen, or are the ones statements, which, by way of their nature, please see hour occasions. The Corporate cautions that forward-looking statements are in keeping with the ideals, estimates and critiques of the Corporate’s control at the month the statements are made and contain a number of dangers and uncertainties, together with spare tranches of the providing would possibly not alike at the phrases introduced or in any respect; that the Corporate would possibly usefulness the proceeds of the 2nd Tranche for functions alternative than the ones disclosed on this information let fall; hostile marketplace statuses; and alternative elements past the keep an eye on of the Corporate. In consequence, there can also be negative words that such statements will end up to be correct, and that unedited effects and hour occasions may range materially from the ones expected in such statements.

Remarkable elements that might motive hour effects to range materially from the ones expected in those forward-looking statements come with: restricted running historical past; analysis and building actions; impact of basic financial and political statuses; and alternative chance elements prepared forth within the Corporate’s folk filings which can be to be had on SEDAR+ at www.sedarplus.ca. Accordingly, the reader is suggested to please see the Corporate’s such filings for a extra entire dialogue of such chance elements and their possible results. Except for to the level required by way of appropriate securities rules and the insurance policies of Cboe Canada Inc., the Corporate undertakes negative legal responsibility to replace those forward-looking statements if control’s ideals, estimates or critiques, or alternative elements will have to exchange.

SOURCE Lithos Staff Ltd.

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