OUR TECHNOLOGY
PRISM is Committed to Research & Development and Sustainable Innovation
Research and development will enable PRISM to generate new market opportunities over time, to the benefit of its stakeholders, the province and Canada as a whole.
PRISM supports Alberta’s vision of building new innovation capacity in the province by conducting and supporting best-in-class research & development for new processes and products.
As market rapidly evolves into a net-zero carbon and energy transition, PRISM will continue to expand its research & development capacity in partnership with institutions, colleges, universities and government, to make sustainable products for the new energy economy.
Innovation is an important component in PRISM's growth strategy and is our competitive advantage.
Reductive Chlorination Process to liberate Iron, Vanadium and Cobalt
In May 2024 PRISM, actioning its strategic focus upon its polymetallic ore resource, sold its Clear Hills lithium rights to LithAlta Projects. In return, PRISM’s shareholders retained a 5% net profits interest royalty and a small cash injection which enabled the TCM-Research testing.
In conjunction with TCM-Research PRISM has undertaken proof of concept work on a patented and innovative reductive chlorination process. Recent results of the testing indicate successful extraction of 99.1% of Iron and 96.6% of Vanadium.
Although the test samples (see Figure 2, below) didn’t include Cobalt (that is present in other areas of the ore body) the expectation is that Cobalt would remain in the residue as Cobalt Chloride.
The patented process includes:
Chlorination Reactor (extraction of metals)
Chloride Condensation
Solution Purification (scrubber)
The overall process has numerous advantageous attributes; multiple revenue streams from PRISM’s polymetallic ore, low waste potential, energy and reagent re-utilization, and greater control over Scope 1, 2 and 3 emissions.
A key strategic benefit would be the utilization of Hydrogen to reduce the Ferric Chloride to produce iron metal which provides a tangible pathway to the production of low emission, low environmental impact steel.
