PetroSun, Inc. announced an increase in lithium reserves and anticipated production start date. PetroSun and its technology affiliates are confident in ability to extract and process lithium from both clay and brine water on a level that is both economically viable in market and environmentally friendly. This confidence is also trending over into the ability to secure the capital requirements from government loan programs and the private sector for the initial extraction and processing plants for both a clay and brine water.

These plants will be located in the US. The company is pursuing opportunities in the Salton Sea area of California and the Smackover Trend located in South Arkansas, North Louisiana, East Texas and Mississippi for the extraction and processing of lithium and other elements of economic value. There are continuing evaluations of its holdings in the Four Corners (Arizona, New Mexico, Colorado and Utah) and in Mexico; which is rich in lithium concentrations, but also zeolite, rubidium and cesium in commercial quantities.

The zeolite clay reserves have increased to approximately 500 million metric tons and the latest content analysis issued by the Arizona State University lab indicates a lithium concentration of 2,452ppm. This lithium concentration would provide for 1,226,000 gross metric tons of lithium with a current market value of $18.987 billion based on $15,487 per ton.