Welcome to our dedicated page for CPRRF news (Ticker: CPRRF), a resource for investors and traders seeking the latest updates and insights on CPRRF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CPRRF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CPRRF's position in the market.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) announced a breakthrough with its IES-300 Direct Lithium Extraction (DLE) technology, aimed at improving lithium recovery from oilfield brines. Building on the successful IES-200 process, the IES-300 technology achieves a 93% lithium recovery while reducing reagent usage and operating costs. This two-stage process effectively removes contaminants without reintroducing any chemicals. With a pilot project expected to yield results by the end of Q2 2023, Volt aims to be the first North American company to achieve profitable lithium extraction from oilfield brine. President Alex Wylie emphasized ongoing innovation and cost reduction as essential for enhancing project economics and shareholder value.
Volt Lithium Corp (TSX-V: CPR, OTCQB: CPRRF) is poised to become North America's first commercial lithium producer from oilfield brine. CEO Alex Wylie highlighted advances in proprietary direct lithium extraction technology that achieves 99% contaminant removal and 93% lithium recovery in under 90 minutes. With a prime reservoir in Alberta covering 435,000 acres and existing partnerships minimizing capital expenditures, Volt is set for pilot production of 250,000 liters, with results expected by Q2 2023. The company aims to capitalize on a projected 40x rise in lithium demand by 2030, primarily driven by electric vehicle growth.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has announced an addendum to its agreement with Emerging Markets Consulting, LLC (EMC) to extend their partnership for an additional three months, subject to TSX Venture Exchange approval. The addendum allows EMC to continue providing investor relations services for a fee of $150,000 USD. This move aims to enhance the company's public and investor communications as it focuses on developing battery metals assets crucial for the global energy transition. Allied remains committed to transparency and creating long-term shareholder value.
Allied Copper Corp. announced the launch of a Pilot Project by its lithium division, Volt Lithium Corp, aimed at testing a proprietary Direct Lithium Extraction (DLE) process. The pilot will process up to 250,000 liters of oilfield brine from the Rainbow Lake project in Alberta, with results expected by June 2023. The goal is to achieve high lithium recoveries while demonstrating economic viability. Successful bench tests indicated 99% contaminant removal and 93% lithium recovery. The project marks a significant milestone in Volt's efforts to capitalize on the growing demand for lithium, essential for electric vehicle batteries.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) plans a special shareholder meeting on April 20, 2023, to seek approval for a name change to “Volt Lithium Corp,” a corporate continuance from Ontario to Alberta, and the election of Maury Dumba to the board. The name change aligns with the company’s focus on lithium-brine operations in Alberta. Mr. Dumba brings over 34 years of oil and gas industry experience. Additionally, the company announced voluntary lock-up agreements for 33,984,000 shares from significant shareholders. This move aims to maintain stock stability. The meeting materials will be available on SEDAR by March 29, 2023.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) announced a non-brokered private placement to raise up to $4.0 million by issuing 20,000,000 Units at $0.20 per Unit, doubling its initial offering set at $2.0 million. The funds will support pilot programs and general corporate purposes. The offering, available in most Canadian provinces (excluding Quebec), awaits approval from the TSX Venture Exchange. This approach offers flexibility in funding while creating stable investments, highlighting the company’s commitment to enhancing shareholder value in a challenging market.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has announced the termination of its option to acquire a 100% interest in the Klondike Property, following an agreement with various stakeholders. This termination is effective immediately and requires the company to maintain the mineral claims in good standing for two years, with expected costs of approximately $43,000. Allied Copper focuses on low-cost battery metals assets, including the Stateline Property in Utah and holds considerable lithium permits in Alberta. The company aims to support the global energy transition while creating sustainable shareholder value.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has announced a non-brokered private placement aimed at raising up to $2 million by issuing 10 million units priced at $0.20 each. Each unit consists of one common share and a warrant to purchase an additional share at $0.30 within 24 months. The proceeds will be allocated to pilot programs and general corporate purposes. The offering is subject to approvals from the TSX Venture Exchange and will take place across all Canadian provinces except Quebec. The securities will be subject to a four-month hold period, and related parties may participate, exempt from certain valuation requirements.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) announced that its lithium division, Volt Lithium Corp, achieved a 93% lithium recovery rate using its proprietary IES-200 extraction technology. This process effectively removes 99% of contaminants from oilfield brines, essential for producing high-purity lithium needed for batteries. Volt aims to become North America's first commercial producer of lithium hydroxide and carbonates from oilfield brine, leveraging a robust reservoir with 78 billion barrels of lithium-infused brine. The company has strategic partnerships, including a $100 million infrastructure investment, enhancing its production capabilities.
Allied Copper Corp (CPRRF) announced a corporate update for its lithium-focused division, Volt Lithium Corp, on January 19, 2023. The results from reservoir testing at the Rainbow Lake property revealed lithium concentrations of up to 91 mg/L, confirming some of the highest levels in western Canada. Volt has also completed a preliminary volumetric resource study indicating 78 billion barrels of water-in-place across four zones. The company aims to commence a production pilot in H1 2023, with a complete resource estimate expected by the end of April 2023. This progress reinforces Volt's position in the competitive lithium market.
