Prairie Lithium Drills First Targeted Lithium Well in Province’s History
Saskatchewan’s resource sector continues to gain momentum with the emergence of lithium, used primarily in portable electronic devices and electric vehicles. Prairie Lithium Corporation, a Regina-based lithium technology development company, has shown strong results in extracting lithium from Saskatchewan oilfield brines.
“Global demand for lithium is expected to grow five-fold by 2030, and Saskatchewan is well-positioned to make the most of its potential,” Energy and Resources Minister Bronwyn Eyre said. “Our energy and mining sectors are attracting investment, creating high-quality jobs and building on our traditional strengths. It’s exciting that lithium from Saskatchewan oilfield brine will power electric vehicles of the future.”
ince 2020, Prairie Lithium has been using proprietary technology to extract lithium from subsurface brine water. While drilling, the project supported over 100 jobs from 40 different companies. In Emerald Park, the company established a pilot project processing facility, which has successfully extracted 99.7 per cent of lithium from the brine in a matter of minutes. This fall, Prairie Lithium concluded drilling its first-ever dedicated lithium brine well in southeast Saskatchewan—the first well of its kind drilled in Saskatchewan.
Saskatchewan’s Growth Plan supports the development of the lithium sector and lithium extraction technologies. The Ministry of Energy and Resources’ Saskatchewan Geological Survey subsurface brine sampling program, which began in 2011, has also been instrumental in increasing sector interest in pursuing lithium projects in Saskatchewan. To date this year, sub-surface mineral public offerings, which target minerals including lithium, have raised over $4.2 million in revenue for the province.
“The support that we have received from the Saskatchewan Advantage Innovation Fund and Saskatchewan Petroleum Innovation Incentive have been critical to the development of our Direct Lithium Extraction technology,” Prairie Lithium President and CEO Zach Maurer said.
Prairie Lithium qualified for both the Saskatchewan Advantage Innovation Fund and Saskatchewan Petroleum Investment Incentive, a research and development incentive that targets oil and gas innovations, pilot projects and commercial scaling projects, based around transferable oil and gas royalty/freehold production tax credits. Prairie Lithium also recently signed an agreement with Saskatoon-based DEEP Earth Energy Production, which forms an Area of Mutual Interest for lithium exploration.
Lithium is identified as a critical mineral in the Canada-US Joint Action Plan on Critical Minerals Collaboration. Of the 31 minerals identified and considered essential for modern economies and which also have applications in clean and digital technologies, Saskatchewan currently produces three (uranium, potash and helium), and 22 of the 31 critical minerals listed are found in the province.
For the latest information and for more updates on everything Kindersley ‘Like’ our Kindersley Social Facebook page below…
Google Play and the Google Play logo are trademarks of Google LLC.
