Alberta is poised to become one of the most competitive jurisdictions for lithium production in North America.

Although lithium is a relatively abundant element, it is challenging to extract and refine for use in the production of chemicals used in electric vehicles and large-scale energy storage applications. Novel direct lithium extraction (DLE) technologies, now in commercial development, will unlock the potential of extracting and refining lithium sourced from Alberta’s traditional oil and gas aquifers.

Alberta is poised to become one of the most competitive jurisdictions for lithium production in North America. Several 20,000 tonne per year battery-grade lithium production projects in the province may provide billions of dollars of returns to investors and significant revenues to all levels of government seeking to diversify their tax base, and boost employment opportunities for skilled workers seeking to transition into the clean energy sector.

NeoLithica's, with its dedicated partnership of scientists and engineers, is tirelessly working to refine and optimize the key technologies, aiming to achieve high efficiencies, minimal waste generation, and reduced carbon emissions. Through continuous innovation, the company strives to set new benchmarks in the production of this critical mineral.

Collaboration lies at the heart of NeoLithica's mission. Recognizing the importance of collective efforts in driving change, the company has actively sought out partnerships with like-minded organizations, research institutions, and government bodies. By fostering a network of expertise and shared knowledge, NeoLithica aims to amplify its impact and expedite the transition to a greener, more sustainable energy landscape.

Beyond its technological advancements, NeoLithica remains committed to empowering the communities it operates in. The company is actively engaged in outreach programs aimed at creating lasting positive change. NeoLithica's presence is not just about transforming energy systems, but also about contributing to the well-being and prosperity of the areas it serves.

NeoLithica has positioned itself as a future producer of battery-grade lithium carbonate, now holding 609,853 hectares (2,355 square miles) of high-value crown mineral tenure in northern Alberta. This region is home to thick, extensive, and highly-productive lithium-brine aquifers, permitting the company to take a strong mineral tenure position in this nascent high-growth industry. NeoLithica’s flagship Peace River Lithium Project is currently conducting its final pre-commercialization development work.

NeoLithica is in advanced planning to conduct several Demonstration Pilots in 2023 and 2024, with the main objectives of determining the most efficacious direct lithium extraction and refining processes, in addition to producing samples of battery-grade lithium carbonate to send to key purchasers of this important commodity.

After completing its demonstration pilots in early 2024, NeoLithica will produce a preliminary economic assessment study, with a pre-feasibility study to be commissioned after conducting pre-commercial scale-up tests of its selected DLE technologies later that year.

As NeoLithica continues its journey towards a more sustainable future, with each milestone achieved the company reinforces its position as a trailblazer in the realm of sustainable energy solutions..