Where is the Prairie Lithium Project located and what makes it an ideal site for lithium extraction?

Arizona Lithium Receives Approval for First Well at Prairie Lithium Project, Advancing Sustainable Development of Lithium Resources in North America

In a significant announcement, Arizona Lithium has successfully obtained well license approval for the first well at Pad #1 of its transformative Prairie Lithium Project in Saskatchewan, Canada. The approval signifies a major step forward in the company's pursuit of sustainable lithium development, positioning Arizona Lithium at the forefront of the industry.

Drilling Set to Begin in 2024

Construction of the well pad has been completed, and Arizona Lithium is on track to commence drilling operations in the first half of 2024. The company has carefully planned and executed the necessary preparations to ensure a smooth transition into the drilling phase, with the goal of reaching commercial production by the first half of 2025. This achievement marks a crucial milestone for Arizona Lithium, bringing them closer to establishing their inaugural commercial Direct Lithium Extraction (DLE) facility.

Pilot Plant Testing with Selective Third-Party DLE Technology

Parallel to the well approval, Arizona Lithium is currently conducting pilot plant testing of Prairie brine, employing a highly selective and efficient third-party DLE technology. The success of this testing is a testament to the company's commitment to deploying cutting-edge solutions in lithium extraction.

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Arizona Lithium has a proven track record of producing high-purity lithium using this technology, positioning them favorably for future commercial production.

Evaluation of DLE Technology nearing Completion

The ongoing pilot plant testing of Prairie brine constitutes the third and final phase of the evaluation process for the DLE technology. This comprehensive assessment will provide crucial insights into the efficacy and viability of the technology for large-scale lithium extraction operations. By thoroughly evaluating various DLE technologies, Arizona Lithium aims to ensure the deployment of the most cost-effective solution for their extensive lithium resource.

Prairie Lithium Project: A Vast, Sustainable Resource

Situated in Saskatchewan's Williston Basin, the Prairie Lithium Project boasts a significant lithium resource. It contains an estimated 5. 7 million metric tons (MT) of Lithium Carbonate Equivalent (LCE), with 4. 0 MT LCE classified as Indicated and 1. 7 MT LCE as Inferred. The project benefits from its strategic location in one of the world's top mining-friendly jurisdictions, offering convenient access to essential infrastructure such as electricity, natural gas, fresh water, well-established roadways, and railways.

Arizona Lithium places a strong emphasis on sustainable development practices. The Prairie Lithium Project aims to minimize the use of freshwater, land, and waste, aligning with the company's commitment to environmental responsibility. By implementing environmentally conscious strategies, Arizona Lithium seeks to set new standards for the industry while harnessing the immense potential of its lithium resource.

Revolutionary Lithium Extraction Technology: Prairie Lithium Ion Exchange (PLIX)

Arizona Lithium possesses a proprietary lithium extraction process technology called the Prairie Lithium Ion Exchange (PLIX). This innovative ion-exchange material selectively extracts lithium from brine, utilizing readily available equipment at commercial scale. With its potential global application, PLIX is currently undergoing testing on lithium resources worldwide, including encouraging results from the Big Sandy Lithium Project. As Prairie Lithium progresses towards development and scalability, the company remains committed to exploring other DLE technologies to identify the most efficient and cost-effective solution for their resource extraction.

Arizona Lithium's success in obtaining well license approval for the Prairie Lithium Project reflects the company's unwavering dedication to sustainable lithium development. By leveraging advanced technology, strategic planning, and a commitment to environmental stewardship, Arizona Lithium is poised to revolutionize the lithium industry, paving the way for a future powered by clean and renewable energy sources.

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