Overview

• Neptune Energy says a study indicates about 43 million tonnes of lithium carbonate equivalent in its Altmark license area, which it calls one of the largest project-related resources worldwide.
• An August pilot in the Altmark produced battery-capable lithium from deep groundwater using direct extraction.
• A further pilot that began in mid-September is evaluating an adsorption-based recovery process.
• The company plans to test an extraction plant as the next step toward potential commercial production, contingent on results and permitting.
• Germany’s economy ministry lists the Altmark among several regions with lithium potential, while the project continues to face local resistance.