The latest selection underscores viability
and lead position for EnergySource Minerals' patented lithium brine
extraction technology
SAN
DIEGO COUNTY, Calif., Sept. 14,
2022 /PRNewswire/ -- EnergySource Minerals announced
today that its proprietary ILiAD ™ (Integrated Lithium
Absorption Desorption) lithium brine technology platform has been
selected as the technology provider for Compass Minerals (NYSE:
CMP), a leading global provider of essential minerals. The
technology was chosen for its superiority in lithium recovery,
magnesium rejection, minimized environmental impact and commercial
readiness.
EnergySource's ILiAD platform technology has been selected
for use on phase one of Compass Minerals' 2.4 mMT lithium carbonate
equivalent (LCE) resource on the Great Salt Lake in Utah. Phase one of development is expected to
be located on the east side of the Great Salt Lake where a
significant portion of the company's existing infrastructure is
located.
"Our selection of ESM is the result of a comprehensive,
competitive process, and we are excited to forge ahead on our
lithium development with their team as a trusted provider," said
Chris Yandell, head of lithium for
Compass Minerals. "Our multi-year assessment was focused on
matching the right technology with our specific lithium brine
resource – and we are confident we've done just that with this
provider selection."
Following three years of extensive research and piloting of
multiple DLE technologies and providers, Compass Minerals' analysis
showed EnergySource Minerals' proprietary
ILiAD adsorption technology proved to be the most
successful in processing Compass Minerals' brine resource across
four key combined assessment categories: lithium recovery;
magnesium rejection; minimized environmental impact; and commercial
readiness.
"Compass Minerals has done extensive due diligence as it works
to join the domestic battery metals supply chain to help meet the
US automotive industry's need for clean and sustainable lithium,"
noted Eric Spomer, CEO of
EnergySource Minerals. "We look forward to producing with the
Compass Minerals team and supporting their operations as they enter
the market with a cost-competitive, battery-grade lithium product
by 2025."
"While we are happy with the results of our partners' research
and pilot testing, we are not surprised by the outcome. It confirms
the commercial viability of ILiAD's lithium extraction technology.
Through our own extensive testing program on a range of brines from
around the world, we have seen ILiAD deliver outstanding results
across the full range of lithium-bearing brines. Our approach
leverages over 40 plus years of industry leadership within our
team," added Spomer. "We are thrilled to see ILiAD get its footing
in world-wide operations and applications."
EnergySource Minerals developed the ILiAD technology for its
lithium extraction operation at the John L. Featherstone Geothermal
Power Plant in the Salton Sea, currently under development. The
platform maximizes lithium extraction from brines in a closed-loop
environment, delivering significant reduction in time, cost, and
environmental impact compared with alternative methods.
ILiAD is considered best-in-class among direct lithium
extraction technologies and is commercially ready and being
deployed today. The technology dramatically reduces the water
footprint of operations, does not consume reagents, demonstrates
order-of-magnitude longer operating life and the highest lithium
recovery rates. EnergySouce Minerals has tested the technology
platform on a variety of brines and is ready to be rapidly deployed
at a global scale.
"As the world transitions to a clean energy economy, lithium
demand is increasing dramatically," said Dr. David Deak, of EnergySouce Minerals. "Currently,
lithium extraction has a high environmental cost, and is produced
from a limited range of geographies. A technology change is
required to enable a broader, more sustainable resource base. ILiAD
is that technology."
About EnergySource Minerals
EnergySource Minerals is a privately held company leading the
development of Project ATLiS—a premier lithium project located in
Imperial County, California,
United States—as well as the ILiAD technology platform, which is
being developed and deployed to lithium operations worldwide.
Schlumberger New Energy and TechMet Ltd. have equity interest in
EnergySource Minerals.
About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of
essential minerals focused on safely delivering where and when it
matters to help solve nature's challenges for customers and
communities. The company's salt products help keep roadways safe
during winter weather and are used in numerous other consumer,
industrial, chemical and agricultural applications. Its plant
nutrition products help improve the quality and yield of crops,
while supporting sustainable agriculture. Additionally, the company
is pursuing development of a sustainable lithium brine resource to
support the North American battery market and is a minority owner
of Fortress North America, a next-generation fire retardant
company. Compass Minerals operates 12 production and packaging
facilities with nearly 2,000 employees throughout the U.S.,
Canada and the U.K.
Visit compassminerals.com for more information about the
company and its products.
Media Contact
Erinn Lynch
erinn@blazepr.com
Tel: +1 (805) 570-0990
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SOURCE EnergySource Minerals