- Forward Water’s (FWTC) mineral extraction technology reduces cost and water consumption as per recent studies
- It reduced water consumption by as much as 90 per cent in numerous lithium and brine mining applications, leading to a more than tenfold increase in lithium concentration
- The company recently signed non‑disclosure agreements with two major lithium extraction companies with access to large aquifer-based brine deposits
- Forward Water Technologies is dedicated to reducing waste streams through its forward osmosis technology
- Forward Water (FWTC) is up by 15.38 per cent and is currently trading at $0.15 per share
Forward Water’s (FWTC) mineral extraction technology reduces cost and water consumption as per recent studies.
The low-energy forward osmosis process reduced water consumption by as much as 90 per cent in numerous lithium and brine mining applications, leading to a more than tenfold increase in lithium concentration.
The process also concentrates brine materials with greater efficiency compared to solar or forced thermal evaporation. Additionally, the clean water extracted in the process can be re-used.
The company recently signed non‑disclosure agreements with two major lithium extraction companies with access to large aquifer-based brine deposits.
It expects lithium demand to increase by approximately 800 per cent in the next two decades due to electric vehicles and new consumer electronic battery technologies.
Forward Water Technologies is dedicated to the commercialization of its proprietary forward osmosis technology, which reduces waste streams and returns fresh water to the environment.
Forward Water (FWTC) is up by 15.38 per cent and is currently trading at $0.15 per share as of 12:43 pm EST.