NeoLithica owns the mineral rights to a prime tenure of 1,924 square miles overlying highly productive lithium-rich aquifers. The company plans to begin production of high-grade lithium by the end of July 2023. Using the most advanced DLE technology, battery grade lithium should be ready for sale in the global marketplace shortly thereafter. NeoLithica estimates that they will increase production output annually to a level of 125,000 tons from this tenure alone.