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OTTAWA, Nov. 28, 2018 (GLOBE NEWSWIRE) – Stria Lithium Inc. (TSX-V: SRA) (OTCQX: SRCAF) ("Stria" or "the Company") and Grafoid Inc. ("GRAFOID") are pleased to Announce the creation of a joint venture for the development of an innovative graphene-based filtration membrane that can be used in the separation of lithium and salt, as well as in the framework of a pilot agreement with a desalination plant. This joint venture with Grafoid Inc. – also a member of the Strategic Alliance for Green Energy Technology 2GL – could lead to a breakthrough in filtration membrane technology to reduce waste in the process. desalination process and offer a viable alternative to conventional methods. recovery of lithium from salts.
Currently, over 97% of the world's water resources come from the world's saline oceans. With climate change, population growth pressures, and new and inexpensive new fresh water supply, desalination is a potential solution to ensure easily accessible freshwater sources. To cope with this growing shortage, more than 16,000 desalination plants around the world produce more than 20 billion gallons of drinking water a day.1 These factories are constantly looking for methods to optimize efficiency and production to meet growing demand.
This innovative membrane technology is a graphene-based membrane that has the dual potential to dramatically increase the efficiency of the desalination process while simultaneously extracting lithium from the separated salt. This translates into higher yields in freshwater and commercial lithium, helping to meet the growing global demand for valuable resources. Initial results suggest that graphene-based membranes are able to facilitate the separation of lithium from brine without requiring significant evaporation. This effectively makes this process faster, greener and more profitable.
More importantly, this technology has the potential to reduce the inherent byproduct (salt) that is traditionally eliminated in oceans around the world. Using this technology, this by-product is subject to an additional process using a technology already advanced by Grafoid.
The recent agreement between Stria and Grafoid for the deployment of its graphene-based filtration membrane will provide a concrete test of how to secure new freshwater supplies as demand grows beyond available sources. In addition, one of the main benefits of this agreement will be that the lithium extracted during the desalination process will be used as a source of supply for the production of lithium batteries.
Gary Economo, CEO of Stria Lithum, said: "In our opinion, our graphene-based filtration technology solves two key resources – which will be an important value for tomorrow. This not only responds to the need for clean water, but it also helps us provide an essential element of the energy solutions we will need to feed the world we aspire to. "
Dr. Kiran Manga, head of engineering at Grafoid, said, "While we wanted to solve the basic human need for safe water, we felt that we had the opportunity to change the way we solved the problems. because many of the challenges we will face species are very time sensitive. For many of them, the weather is just not on our side. As a result, we have started developing solutions that can potentially solve several problems. The successful co-development of a filtration membrane that serves a dual purpose in desalination and extraction of lithium is testimony to this. "
About Stria Lithium Inc.
Stria Lithium is a young and rapidly growing Canadian exploration technology company. It is the sole owner of the Pontax spodumene lithium property located in northern Quebec. Stria's mission is to be a reliable and cost-effective global source of lithium metal and lithium-based products, as well as processing technologies for producing value-added lithium products.
Stria's business is now focused on the application of internally developed technologies and processes that lead to the production and grinding of lithium metal and lithium metal foil for advanced lithium batteries. Lithium metal production also comes from value-added production of: lithium hydroxide; lithium carbonate; lithium fluoride; and lithium chloride.
Lithium is an essential metal in the global fight against global warming. It is an essential component of lithium-ion batteries used to power electric vehicles and store energy on an industrial scale.
Stria Lithium is part of the 2GL platform, a strategic alliance in green energy technologies with Grafoid Inc., Focus Graphite Inc. and Braille Battery Inc.
Contact:
Stria Lithium Inc.
Gary Economo, President and Chief Executive Officer
613-702-0789
[email protected]
www.strialithium.com
About Grafoid.
Founded in 2011, Grafoid Inc. is a graphene research, development and investment company that invests in, manages and develops markets for economically-evolving graphene processes that can be used in development applications. graphene by leading companies and institutions. The main investment of Grafoid is to produce thin film graphene, respecting applications, with a minimum of defects and a high energy density, using a safe and non-destructive extraction process, while maintaining an ecological footprint as low as possible. This exclusive, unique process gives rise to what Grafoid sees as a new global standard for high-purity, economically scalable graphene products – registered under the name MesoGraf ™ – that can be adapted to both industrial and commercial applications.
Contact:
Grafoid Inc.
Gary Economo, President and Chief Executive Officer
613-702-0789
[email protected]
www.grafoid.com
Disclaimer and forward-looking statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this document. communicated.
Certain information in this press release is forward-looking and may involve risks and uncertainties. The results or events anticipated in these statements may differ materially from actual results or events. Factors likely to cause a difference include, but are not limited to, the evolution of competition, the risks associated with the growth of Stria Lithium, the state of financial markets, the risks associated with regulation and other factors. Forward-looking statements included or incorporated by reference in this press release include statements regarding the proposed terms of the private placement transaction. There can be no assurance that forward-looking statements contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in these statements. These statements, as well as all subsequent written and oral statements containing forward-looking information, are based on management's estimates and beliefs as of the dates on which they are made and are expressly qualified in their entirety by this notice. Except as otherwise required by applicable securities laws, Stria disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements that speak only as of the date of this release. More detailed information on the factors that may affect Stria's financial and trading results can be found in the public documents that Stria occasionally files with the Canadian securities regulatory authorities and which are available at www.sedar.com.
1. https://www.lapsedphysicist.org/2013/12/24/desalination-an-important-part-of-our-our-water-future/
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