Prairie Lithium says it has made what it calls a major land acquisition in Saskatchewan. It’s located west of Estevan and involves 188 thousand acres of Subsurface Mineral Permits.
The company is a lithium brine extraction and technology development company with its head office in Emerald Park. The land acquisition increases Prairie Lithium’s total mineral holdings in Saskatchewan to over 220,000 acres. The company is the largest active lithium brine developer in Saskatchewan, and one of the largest in Canada.

The company says that the land acquisition comes after its successful Direct Lithium Extraction (DLE) proof of process pilot project that operated in Saskatchewan in 2020. For the project, proprietary DLE equipment was installed on an active oil and gas site. Lithium was extracted from the brine, converted into a lithium sulphate concentrate, and further converted into lithium carbonate; one of the two key compounds used in lithium ion batteries.

Prairie Lithium believes demand for lithium is expected to outpace supply within the next few years unless new mines are brought into production at a record pace.