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One World Lithium Announces the Assignment of Mattergreen's Patent Applications for Lithium Carbonation Extraction Has Been Completed
VANCOUVER, BC – November 27, 2024 – TheNewswire – One World Lithium Inc. (CSE-OWLI) (OTCQB-OWRDF) (the “Company” or “OWL”) is pleased to announce in accordance
About this update from One World Lithium, Inc.
[{"type":"text","content":"VANCOUVER, BC – November 27, 2024 – TheNewswire – One World Lithium Inc. (CSE-OWLI) (OTCQB-OWRDF) (the “Company” or “OWL”) is pleased to announce in accordance with the Assignment and License Agreement (the “Agreement”) with MatterGreen LLC (“MG”) it has now completed the assignment of the two patent applications for Lithium Recovery that is a Direct Lithium Carbonate Extraction Technology (“DLCE”) from MG together, (the “OWL Patent Applications”). OWL is now the sole and exclusive owner of the Patent Applications that are for Lithium Recovery from natural brine and for slurries made from pegmatite, clay, volcanic rock and sediment. As in accordance with the Agreement the Company has issued 1,000,000 common shares from treasury for the assignment of the OWL Patent Applications. OWL will now fund MG to conduct and manage the development, testing and R&D laboratory work in MG’s lab facilities in Albany, Oregon, USA that is associated with the commercialization of the OWL Patent Applications along with the US Department of Energy Patents titled Selective Lithium Recovery as Lithium Carbonate from natural brines (see News release dated March 13, 2024). Ongoing Lab Testing The Company will now proceed with additional bench tests at MG’s lab in Albany, Oregon, USA on lithium clay samples received from an advanced lithium project in the United States. The company will work with the samples to create an effective lithium slurry to validate the DLCE technology to produce a lithium carbonate from the slurry under a variety of conditions. This process would enable lithium carbonate generation directly from slurries made from clays, without requiring sulfuric acids, soda ash, sorbents, and multiple concentration steps as in most evaporative and direct lithium extraction processes. In addition, brine samples from various lithium brine projects are also being shipped to the lab for ongoing testing. Significant results from the previous bench test (see news release dated November 28, 2023) on lithium brine that validated proof of concept of the technology included: 1. Simultaneous lithium extraction and lithium carbonate precipitation in a brine; 2. Process time of approximately nine (9) minutes; 3. Selective formation of lithium carbonate; &nb...