The Loan will be for a term of 12 months and carry interest at a rate of 10% per annum. American Consolidated Metals has acquired intellectual property from North American Lithium that allows for the extraction of lithium metal from oil - field brines with minimal effort to remove calcium , potassium and other " divalent cations " . The patent - pending process is specifically designed for remote oilfield environments .
American Consolidated Metals has acquired intellectual property from North American Lithium that allows for the extraction of lithium metal from oil - field brines with minimal effort to remove calcium , potassium and other " divalent cations " . The patent - pending process is specifically designed for remote oilfield environments .