Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
ACME Lithium Locates Samples with High Lithium Values Using ASTERRA Satellite Technology
January 27, 2023 | Business WireEstimated reading time: 1 minute
ASTERRA and ACME Lithium, Inc. (ACME) jointly announced their teaming agreement and collaboration in which ASTERRA satellite-based technology was used in the discovery of the highest values of lithium to date in Fish Lake Valley, Nevada.
The use of ASTERRA technology produced a large number of locations of lithium value of above 100 parts per million (ppm), while traditional methods of exploration did not find any. This was accomplished without environmental destruction.
ACME stated that their recent geological field review and sampling program resulted in locating the highest surface lithium values to date, up to 1325 ppm. These values were located at coordinates pinpointed by ASTERRA’s satellite technology, with the results confirmed by an independent lab.
“Using ASTERRA for this finding of lithium comes at a time when there is an urgent need to locate as much economic grade Lithium as possible due to booming demand,” said Elly Perets, chief executive officer of ASTERRA. “When using satellites for mineral exploration, there are efficiencies in time and costs. Improving exploration methods by regional targeting reduces the ecological footprint.”
Perets added, “The use of ASTERRA technology in collaboration with ACME drives unprecedented efficiency in the high-cost activity of identifying Lithium targets and deposits.” As Fortune Magazine recently noted, experts agree with Elon Musk, there is simply not enough.
“This collaboration and initial case study with technology leader ASTERRA, confirms historical and new lithium occurrences on the property and that certain areas are enriched in lithium. We are excited to move forward with ongoing work at multiple projects,” added Steve Hanson, president and CEO of ACME.
ASTERRA’s artificial intelligence and machine learning algorithms extract the signal of lithium concentration underground from satellite based PolSAR data and pinpoints locations containing high lithium. This technology gives ACME a way to find lithium before investing in costly exploration where it may result in environmental destruction and civil conflicts.
Share on:
Suggested Items
Designing for Cost to Manufacture
11/21/2024 | Marcy LaRont, I-Connect007ICAPE's Richard Koensgen, a seasoned field application engineer with a rich background in PCB technology, shares his journey of working with customers and manufacturers through the intricacies of circuit board development and emphasizes the importance of early-stage collaboration with PCB designers. With a focus on tackling the most challenging aspects of PCB design and manufacturing, he discusses everything from layout considerations to the thermal challenges of today's technology when it comes to designing for cost.
OSI Systems Receives $11M Order for Electronic Assemblies
11/21/2024 | BUSINESS WIREOSI Systems, Inc announced that its Optoelectronics and Manufacturing division has received an order for approximately $11 million to provide critical electronic sub-assemblies for a leading-edge healthcare original equipment manufacturer (OEM), known for innovative and specialized medical solutions.
CHIPS for America Announces Up to $300M in Funding to Boost U.S. Semiconductor Packaging
11/21/2024 | U.S. Chamber of CommerceThe Biden-Harris Administration announced that the U.S. Department of Commerce (DOC) is entering negotiations to invest up to $300 million in advanced packaging research projects in Georgia, California, and Arizona to accelerate the development of cutting-edge technologies essential to the semiconductor industry.
NTT, Olympus Joint Demonstration Shows IOWN APN's Low-latency Capability
11/21/2024 | JCN NewswireNTT Corporation and Olympus Corporation announced that, following the start of their joint experiment in March of the world’s first cloud endoscope system which processes endoscopic videos on the cloud, they jointly established a cloud endoscopy system utilizing the IOWN APN technology.
Hon Hai Joins OpenUSD Alliance to Promote Standardized and Open Source Universal Scenario Description (USD) Technology
11/21/2024 | Hon Hai Technology GroupHon Hai Technology Group , the world’s largest technology manufacturing and service provider, announced that it has joined the Alliance for OpenUSD (AOUSD ) to support the construction of a 3D ecosystem and promote Cooperation among various industries around the world promotes the standardization of Universal Scene Description (USD ).