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TVR Announces a Funding and Technology Partnership with Ensorcia
TVR is delighted to announce that it has today signed an agreement with Ensorcia Metals Corporation that provides...
By: Ensorcia Metals on Jun 30, 2021 12:16:56 PM
SORCIA has reached an agreement for over 2000 hectares to exploit lithium with innovative sustainable technology.
On June 25, 2021, a wholly owned subsidiary of the US company, SORCIA MINERALS LLC , reached an agreement with RJR SALAR SPA (RJR) to exploit lithium in the Maricunga Salar, in the Atacama Region.
Sorcia continues to advance in its objective of introducing in Chile an innovative and highly sustainable technology developed by the Canadian Company, INTERNATIONAL BATTERY METALS, LTD. (IBAT), and which allows the extraction of lithium, while reinjecting over 90% of the extracted brine in its natural state, minimizing the consumption of water and using mobile and modular plants that are less invasive to the land.
The "selective absorption" lithium technology was invented in the late 1980´s by Dr. John Burba, CEO of IBAT, and the latest version of Dr Burba's proprietary technology allows for a more efficient extraction of lithium than the current methods, reducing the carbon footprint, drastically reducing the use of water and brine in the salar and protecting the surrounding ecosystem.
We believe that our technological advantages will allow IBAT and its partners to lead the world in green lithium production.
- DR. JOHN BURBA
The growing demand for lithium, driven by electromobility, demands the use of clean energy technology that ensure the preservation of resources and guarantee the living conditions of local communities, already challenged by the scarcity of water resources.
The exploratory work will be carried out in conjunction with the UNIVERSITY OF SANTIAGO DE CHILE (USACH), SORCIA's strategic partner for research, development, and implementation of new sustainable mineral exploitation technologies.
This acquisition is a continuation of Sorcia's parent Ensorcia Metals Corporation's goal of a total supply chain roll out including carbonate plants and hydroxide plants under development and planned for Europe.
Ensorcia Metals Corporation is a private corporation formed to acquire, to license and to develop the most advanced proprietary technologies and facilities available in the metals industry today. Today, portions of the metals industry are experiencing unprecedented global growth and demand of lithium due to new and exciting applications such as electrification and storage.
Written in collaboration with Bloomberg : https://www.bloomberg.com/press-releases/2021-06-25/sorcia-minerals-aquires-lithium-rights-in-the-salar-de-maricunga-chilehttps://www.bloomberg.com/press-releases/2021-06-25/sorcia-minerals-aquires-lithium-rights-in-the-salar-de-maricunga-chile
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