Novalith Technologies CEO Steven Vassiloudis on Novel LiCAL Lithium Extraction Tech
Novalith Technologies uses carbon dioxide to simplify lithium chemicals production. Its novel LiCAL™ lithium extraction technology provides a fast, cost-effective and environmentally friendly means of meeting the rapidly increasing demand for battery-grade lithium chemicals.
The future of lithium mining and refining will require the elimination of carbon-intensive energy sources.
Novalith’s lithium extraction technology uses significantly less equipment, chemical reagents, water and energy than conventional processing, which reduces capital and production costs. The direct use and sequestration of CO2 in producing lithium chemicals also produces a much smaller emissions footprint than existing and alternative processes.
Transcript
⚡️ Novalith Technologies CEO Steven Vassiloudis (00:00)
🏔 Novel LiCAL™ lithium extraction technology (00:35)
⚙️ Extraction process (01:19)
🧪 Pilot testing (02:10)
🧂 Brine-based lithium applications (02:49)
🥇 Lithium grade vs cost of production (04:10)
⏳ How soon until technology is available to hard rock miners? (04:34)
💲 CAPEX (05:12)
💼 Business model for technology (05:36)
🏺 Clay vs spodumene extraction process (06:23)
💰 Average cost of production (07:28)
📈 Novalith investor opportunity (Series A Funding) (08:19)
📆 History of technology (08:55)
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