Eureka, MGX sign JV to extract lithium from waste water
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
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
A new joint venture announced on Tuesday March 5 will allow
Eureka to use lithium extraction technology from MGX at its
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.