Core Insights - One World Lithium Inc. has received two lithium brine samples from a major mining company for testing its novel lithium recovery technology [1][4] - The company aims to validate and expand its Direct Lithium Carbonation Extraction Technology (DLCE) to produce lithium carbonate from brine without the need for pre-concentration or post-concentration steps [2][3] - The company has secured funding through a loan agreement to support the research and development of its lithium extraction process [6][8] Funding and Development - The company has entered into an Umbrella Technology Agreement with a major mining company to fund the testing of the lithium brine samples [4] - The phase two program will involve expanding lab facilities, purchasing additional equipment, and hiring more lab workers to construct a pilot plant for further testing [5] - A first tranche of loan financing totaling $107.2 million has been secured, with an interest rate of 8% per annum and a term of twelve months [6][7] Technology and Process - The DLCE technology allows for cleaner lithium extraction with lower capital and operating costs, eliminating the need for sorbents, acids, and soda ash [3] - The ongoing lab work aims to explore the production of additional elements such as sodium, calcium, and magnesium from the brine [2] - The company remains focused on properties that may contain lithium and the commercial application of its extraction technology [8]