Eureka, MGX sign JV to extract lithium from waste water

By William Clarke
Published: Wednesday, 03 April 2019

The waste water produced as a byproduct of oil and gas drilling is a valuable source - it is already a major source of US iodine - says the USGS and it has the potential to open up domestic lithium operations.

Eureka Resources has acquired technology to extract lithium from the waste water produced by oil and gas drillers in the United States.

Waste water from oil wells is often rich in minerals and waste water extraction is already the biggest source of iodine in the US, according to the US Geological Survey.

Eureka already converts waste water from wells into saleable products, including fresh water, sodium chloride and calcium carbonate.

A new joint venture announced on Tuesday March 5 will allow Eureka to use lithium extraction technology from MGX at its plants.

This news comes at a time when US President Donald Trump has called for the country to increase its domestic production of critical minerals, including lithium.

Lithium is an essential raw material for batteries used in electric vehicles, with the demand from this sector supporting lithium prices in recent years. Although, prices have been weaker so far in 2019 due to a large amount of new supply coming online.