The global water and wastewater treatment market is projected to grow from $285 billion in 2021 to $500 billion in 2030.  If you’ve been watching the news you’ll know it's because 40% of the global population resides in regions marked as “water insecure”, with 1.1 billion people lacking access to water - and a total of 2.7 billion find water scarce for at least one month of the year.

As such, treatment of water and wastewater is necessary for mankind to meet the demand for water resources, not only for municipal and agricultural purposes but also for critical industry purposes.

ENTER FORWARD WATER TECHNOLOGIES $FWTC

$FWTC is commercializing its proprietary forward osmosis technology allowing industrial users to reduce water consumption by up to 90% and providing them with the following immediate benefits:

• Saving Water From Being Permanently Destroyed,
• Realizing Large Reductions In Their Operating Expenses

While many solutions we see are focused on the home, $FWTC is focused strictly on large-scale implementation in multiple sectors including:

• Lithium Extraction
• Industrial Wastewater,
• Oil And Gas / Mining / Agriculture
• And Ultimately Municipal Water Supply And Re-Use Market Sectors.

ON THE BRINK OF SUCCESS WITHIN LITHIUM EXTRACTION INDUSTRY

• 14+ NDAs Signed With Major Lithium Extraction Companies
  • Expecting commercial decisions from some Lithium NDA partners over the next 6-8 weeks
• Engagement Contract With Cornish Lithium 
  • Cornish funding ongoing trials
  • Follows favourable initial result increasing Li concentrations of geothermal water
  • Close to Commercialization … then dominos
• Announced An Early Development Contract With A Prominent Western Canadian Lithium Company To Further Optimize Lithium Isolation.
  • Recent studies in the Company's labs using real-world brines have shown that highly effective concentration, using their forward osmosis process, can be readily achieved, especially in the lithium sector.
• Early Development Testing Project … To Support A Globally Positioned Mining Company To Aid In The Sustainable Lithium Isolation Pathway. 
  • Established in which Forward will test its water treatment capabilities with field sourced brines to ascertain its potential commercial effectiveness
  • In many cases, over 90% of the water can be removed from the brines leading to a >10x increase in lithium concentration 
• The Company recognized $30,389 in revenue for the quarter, the first significant commercial revenue.
  • This is a result of new contracts with customers to test wastewater and water samples from mineral recovery processes as preliminary steps toward a project order
• Significant progress has been made on the building of the mobile demonstration unit which is now 80% complete, the completion of which will align with the first commercial contract

WHY ARE SO MANY LITHIUM EXTRACTION COMPANIES WORKING WITH $FWTC?

Brine mining is the isolation of valuable materials from naturally occurring mineral solutions in aquifers or similar underground deposits. These materials include in-demand rare earth elements and other metals such as lithium. However, these brines often have very low levels of these valuable materials and require significant concentration to enable them to be economically retrieved.

Today, this is usually done using solar or forced thermal evaporation, both of which have high energy costs and long processing times. In addition, traditional methods have proven to have detrimental effects on the environment.

The $FWTC low energy forward osmosis process can concentrate the valuable materials from these brines with much greater efficiency and at a lower cost. Additionally, the clean water extracted in the process can be also re-used, sent to replenish the aquifer source, or discharged to the surface for agricultural purposes. This is a significant advantage compared to incumbent approaches.

Recent studies in FWT’s labs using real world brines have shown that highly effective concentration using the Company’s forward osmosis process can be readily achieved in the lithium sector. In many of the test cases conducted by $FWTC, over 90% of the water has been removed from the brines. The reduction of water in the brines has led to more than a 10 times increase in lithium concentration.

President and CEO, Dr. Honeyman says “laboratory results confirmed that high levels of lithium concentration can be effectively accomplished and will enable new more efficient lithium isolation “.

DECISIONS EXPECTED IN COMING WEEKS AND MONTHS

With Lithium companies racing towards extraction and/or production decisions to be ready for the influx of demand, they will also have to start making decisions on working with $FWTC over the next few weeks and months so that CEO Honeyman and his team can start ramping up on their end.

As such, the next couple of quarters could turn out to be very exciting ones for $FWTC.

Want to learn more? 

Sit back, relax and watch this powerful interview with Howie Honeyman, President & CEO of Forward Water Technologies Corp.