Global demand for lithium is projected to rise sharply, driven by the growth of critical raw material production to support the energy transition and storage. DLE technology offers an efficient and sustainable alternative to conventional extraction methods: lithium-rich brine is pumped from underground through targeted wellbores, lithium ions are selectively captured using specialised membranes or ion-exchange resins, and the remaining brine is reinjected into the deep subsurface.

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LiCAN’s assets are located in Saskatchewan’s Williston Basin, where lithium concentrations reach 259 mg/L. The company’s land holdings contain 822,361 tonnes of inferred Lithium Carbonate Equivalent (LCE) resources, certified by Sproule in accordance with NI 43-101 standards.

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Ad Terra’s subsurface expertise and established track record in the region provide a solid foundation for an accelerated development schedule. The early production phase is targeting 12,000 tonnes per year of LCE, with potential to exceed 18,000 tonnes per year. The 2025–2026 appraisal drilling campaign targets three wells and multiple test operations to advance Resources and project maturity.

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Canada is among the world’s leading producers of critical minerals. The development of LiCAN strengthens Ad Terra’s strategic positioning in a lithium market where the International Energy Agency projects significant growth over the coming decade.

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Further information is available at www.lican-resources.com.