Forward Water Technologies Corp. Collaborates With CleanTech Lithium PLC in Pilot Plant for Lithium Chloride Eluate Production

TORONTO, ON / ACCESSWIRE / March 20, 2024 / Forward Water Technologies Corp. (TSXV:FWTC) (the "Company" or "FWTC") is pleased to announce a collaboration with CleanTech Lithium PLC ("CleanTech Lithium") and Conductive Energy Inc. in the supply of their industrial forward osmosis (iFO^TM) system for use in the hyper-concentrating of CleanTech Lithium's eluate and its conversion into battery grade lithium carbonate by use of Conductive Energy's Direct Lithium Extraction ("DLE") conversion process. The large-scale production volume of battery grade lithium carbonate is intended to validate CleanTech Lithium's DLE process design and its commercial scalability. The produced battery grade lithium carbonate is expected to be supplied to battery and automotive manufacturing companies as part of the evaluation process within their long-term offtake agreements. The collaboration between FWTC and CleanTech Lithium signals CleanTech Lithium's progression towards full-scale commercialization as the need for sustainable lithium production supply increases on a global scale due to the transition to electric mobility worldwide.

Grant Thornley, VP Engineering Sales for FWTC says, "Use of iFO in the hyper-concentrating of DLE eluate delivers operating simplicity to CleanTech Lithium's DLE process while realizing improved economics in lithium plant yield when compared to processes still using conventional thermal evaporation."

Furthermore, FWTC's CEO C. Howie Honeyman says, "We are proud to be a part of CleanTech Lithium's strategy of providing high quality materials to the market while simultaneously producing the target materials with the best-in-class sustainable methods from the onset of production."

About CleanTech Lithium
CleanTech Lithium (AIM:CTL),(Frankfurt:T2N),(OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to produce material quantities of battery grade lithium using Direct Lithium Extraction technology, powered by renewable energy. The Company plans to be a leading supplier of 'green' lithium to the EV and battery manufacturing market.
For further information, please visit www.ctlithium.com/

About Forward Water Technologies Corp.
Forward Water Technologies Corp. (TSXV:FWTC) is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, DLE, mining, agriculture and ultimately municipal water supply and re-use market sectors. In addition, the Company has initiated early-stage R&D for the treatment of food and beverage process streams.