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Max Power Mining Cleared by U.S. Dept. of Energy for Development of Direct Lithium Extraction (DLE) Technology With Lawrence Berkeley National Laboratory
VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) (“MAX Power”, “MAX” or the “Company”) has entered i
About this update from Max Power Mining Corp
[{"type":"text","content":" VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) (“MAX Power”, “MAX” or the “Company”) has entered into a cooperative research and development agreement (“CRADA”) with the University of California Lawrence Berkeley National Laboratory (LBNL) to develop state-of-the-art direct lithium extraction (“DLE”) technologies for brine resources. Highlights: Dr. Brett Helms and Dr. Michael Whittaker, two preeminent American research scientists at LBNL, are leading the technology development; Dr. Helms is the co-founder of two deep tech Bay Area start-ups while Dr. Whittaker is the co-founder and Director of the Lithium Resource Research and Innovation Center at Berkeley Lab; MAX Power and LBNL will focus on developing new intellectual property and incorporating innovative methods and novel materials into the DLE process; MAX Power and its executives have been cleared by the U.S. Department of Energy to proceed with this project. Mr. Rav Mlait, MAX Power CEO, commented: “Collaborating with two individuals of the stature of Brett Helms and Michael Whittaker on potential groundbreaking DLE technologies is tremendously exciting for MAX and further enhances our overall value proposition.” Mr. Mlait concluded, “With American and Canadian lithium divisions, encompassing hard rock, brine and technology, we have carved out a niche for MAX in this sector that will underpin and drive shareholder value in 2023 and beyond. We look forward to officially unveiling our brand and aggressively rolling it out to American and Canadian investors in the near future.” MAX Power-LBNL Agreement The agreement with Lawrence Berkeley National Laboratory will focus on new DLE technologies targeting lower grade and challenging lithium brine deposits located in the United States and Canada. This is largely in response to the strategic initiative undertaken by the U.S. and Canada in their 2022 Joint Action Plan on Critical Minerals to advance bilateral interest in securing supply chains and resources for critical minerals like lithium needed for strategic manufacturing sectors, including communication technology, aerospace and defence, and clean technology. The continuous global trend to massive electric vehicle manufacturing and instituting alternatives to fossil fuel energy presents an opportunity to use tech...