MVP Lithium Discovers Record-Breaking Lithium Concentrations in Brines in Saskatchewan

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Published Nov 18, 2024 • 1 minute read

Exploration team uncovers the highest lithium concentration, with 309 mg/L found in the Duperow Formation

CALGARY, Alberta — Midas Vantage Projects (MVP) Lithium Limited, the world’s leader in green solutions for lithium extraction, announces a groundbreaking discovery by its exploration team that reveals a high lithium concentration in brines found in Canada. The brines, located in the Duperow Formation in Saskatchewan, contain an impressive concentration of 309 mg/L, marking a significant milestone in the company’s ongoing efforts to develop sustainable lithium sources.

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This discovery strengthens MVP Lithium’s position as a leader in the exploration and development of lithium resources, particularly in North America. The Duperow Formation has proven to be a rich and promising site for high-quality lithium brines, with this new concentration setting a new benchmark for future exploration efforts.

“We are thrilled by the results of this latest discovery,” says MVP Lithium CEO Max Iyer. “The Duperow Formation continues to exceed expectations, and this high concentration of lithium in brines further demonstrates the immense potential of our Saskatchewan assets.”

MVP Lithium expects to complete a NI 43-101-compliant technical report during Q2 2025 concurrently with a Preliminary Economic Assessment (PEA).

The company is now moving forward with further exploration and development plans to assess the commercial viability of the site and to explore additional opportunities within the Duperow Formation. MVP Lithium remains committed to responsible and sustainable resource development, ensuring that its exploration and production methods meet the highest environmental standards.

About MVP Lithium
MVP Lithium Limited leverages advanced cutting-edge technologies to extract lithium from Western Canada’s rich brines, positioning itself as a leader in sustainable and responsible resource management. Committed to delivering zero-carbon emission and ethically sourced lithium, the company plays a pivotal role in supporting the global clean energy transition as a key provider of responsibly sourced lithium and green energy solutions.