Modular DLE strategy de-risks Lithium Bank
The company's executives argued that partnering with SLB for a modular direct lithium extraction (DLE) flow sheet significantly reduces capital expenditure and execution risks for their Boardwalk project.
The argument
Instead of building a massive, high-capex plant upfront, the feasibility study targets a 10,000 tons-per-annum starter project using 5,000-ton modules, backed by SLB's commercial-scale tested technology and a single flat licensing fee.
The thesis, stress-tested
✓ What validates it
- ✓Completion of the Boardwalk feasibility study in H1 2027
- ✓Successful results from the ongoing longer-cycle pilot testing
▸ Risks discussed
- ▸DLE technology scaling risks from pilot to commercial production
- ▸Feasibility study delays beyond H1 2027
- ▸Capital constraints for initial module construction
Hear it yourself
"Look, you know, we need them to scale and chip away at that supply deficit. So that's critical. Kevin, I'll turn to you now because, Paul, you mentioned this about you you put it as people are fighting over lithium around the world, and indeed we're seeing more resource nationalism. And we started to see governments prioritize lithium as a strategic asset. Of course, we've got the US administration taking a direct stake in lithium Americas, launching project vault to stockpile critical minerals, including lithium. I wonder how you're seeing government support for projects like yours in Canada."
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