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One World Lithium Announces Extension With US Department of Energy's National Energy Technology Laboratory
Vancouver, BC – TheNewswire - March 13, 2024 - One World Lithium Inc. (OTCQB-OWRDF) (CSE-OWLI) (the “Company” or “OWL”) is pleased to announce a one year extens
About this update from One World Lithium, Inc.
[{"type":"text","content":"Vancouver, BC – TheNewswire - March 13, 2024 - One World Lithium Inc. (OTCQB-OWRDF) (CSE-OWLI) (the “Company” or “OWL”) is pleased to announce a one year extension to March 1, 2025 of its Non-Exclusive Research and Evaluation License with Option (Patent) (the “License”) with the US Department of Energy’s (“DOE”) National Energy Technology Laboratory (“NETL”) for the DOE’s Patents titled Selective Lithium Recovery as Lithium Carbonate from natural brine. Doug Fulcher, President and CEO, commented “We are pleased to have signed a one year extension with NETL. The extension will allow OWL and NETL to evaluate commercial applications of the DOE’s two patents for Lithium Carbonate Extraction.” OWL and MatterGreen LLC. (“ MG”) entered into a Definitive Agreement on September 28, 2023 whereby MG will assign two patent applications for Lithium Carbonation, the first patent application is for natural brines and the second is for slurries made from pegmatite, clay, volcanic rock and sediment After the assignment OWL will be the sole and exclusive owner of the patent applications (the \"OWL Patent Applications”). Under the Agreement MG will conduct and manage the development, testing and R&D laboratory work associated with the commercialization of the DOE License and the OWL Patent Applications. MG will take two months to assemble its laboratory. The work will be carried out in the Lab facilities in Albany, Oregon. In addition, MG states “By consuming carbon dioxide from industrial waste streams and air in carbonation processing, the process can produce carbon-neutral lithium carbonate for battery cathode manufacturing, which would generate a premium on the market price.” Stock Option Grant The Company also announces it has granted incentive stock options to an advisor of the Company to purchase up to an aggregate of 1,000,000 common shares of the Company (the “Options”). The Options are exercisable on or before March 13, 2026, at a price of $0.05 per common share, being the minimum allowed closing price of the Company’s common shares on the Canadian Stock Exchange on March 12, 2024. All Options are fully vested and were granted in accordance with the Company’s Stock Option Plan. About One World Lithium Inc. One World Lithium Inc. remains focused on properties of ...