VOLT LITHIUM CORP - VLTLF STOCK NEWS

Volt Lithium Corp has entered into a field study agreement with Wellspring Hydro to test its proprietary direct lithium extraction (DLE) technology in North Dakota's Bakken formation. The State of North Dakota has provided an initial US$500,000 grant, with potential for an additional US$2,000,000 in early 2025 for equipment and testing.

The Bakken formation generates approximately 2.0 million barrels of lithium-infused oilfield brine daily, making it the second-largest producer of lithium-infused oilfield brine in the U.S. This collaboration adds to Volt's existing operations in Texas's Permian Basin and Alberta's Keg River formation.

Volt Lithium Corp reports significant improvements in its Direct Lithium Extraction (DLE) technology operations in West Texas. The company has reduced processing time to under 30 minutes, a four-fold improvement, with its Generation 3 U.S. Field Unit. This advancement sets the stage for commercial production of 5,000-10,000 barrels per day of brine by end of 2024. The technology maintains 99% lithium extraction rates, with recent results showing 75% extraction within 10 minutes. Dr. John McEwen, PhD Chemistry, has been appointed as Chief Technology Officer to further advance the company's proprietary DLE technology.

Volt Lithium has successfully produced battery-grade lithium carbonate (>99.5% pure) from oilfield brine in the Permian Basin, West Texas. The company has been operating its proprietary Direct Lithium Extraction (DLE) system since September 17, 2024, producing lithium chloride concentrate and building an inventory of high-quality eluate. The three-stage process includes brine treatment, lithium extraction with up to 99% yield, and refinement to battery-grade lithium carbonate. Samples have been created and verified via third-party testing for potential offtake partners. The company will continue producing lithium chloride concentrate and lithium carbonate throughout 2024.

Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF | FSE: I2D) has announced its participation in three upcoming industry and investor conferences. The company will be present at:

1. The Benchmark World Tour 2024 - Calgary on October 3, 2024, at the BMO Centre on Stampede Park. Greg Foofat, VP of Investor Relations, will present at 10:15am MT.

2. The Benchmark World Tour 2024 - New York City on October 9, 2024, at 120 Park Ave. Alex Wylie, President & CEO, will present at 12:10pm ET.

3. Schachter Catch the Energy Conference - Calgary on October 19, 2024, at Mount Royal University. Alex Wylie will present, and the company will have a booth for interested parties.

These events provide opportunities for Volt Lithium to engage with industry professionals and investors, showcasing their latest developments and strategies in the lithium sector.

Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF | FSE: I2D) has announced the approval of all resolutions presented at its Annual General and Special Meeting. The key outcomes include:

1. The number of directors is set at five, with Alex Wylie, Martin Scase, Kyle Hookey, Warner Uhl, and Andrew Leslie elected as directors.

2. DeVisser Gray LLP, Chartered Professional Accountants, appointed as the Company's Auditor for the ensuing year.

3. Approval of the existing stock option plan as outlined in the management information circular dated September 2, 2024.

4. Approval of a proposed new omnibus equity incentive plan, subject to TSX Venture Exchange approval.

Volt Lithium has successfully commenced U.S. field operations in the Permian Basin, Texas, achieving first lithium production. The company deployed its proprietary DLE field unit on September 17, 2024, marking a strategic shift from development to production. Volt aims to:

• Scale-up operations to build an inventory of lithium concentrate and carbonate
• Commence cash generation by the end of 2024
• Achieve cash flow positivity in the first half of 2025
• Scale up commercial production to 100,000 barrels per day of brine production during the second half of 2025

Initially, Volt will produce lithium chloride concentrate in the field, with conversion to battery-grade lithium carbonate occurring at its Field Simulation Centre in Calgary, Alberta. Future downstream refining will take place onsite once full-scale operations are achieved.

Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) has announced its upcoming Annual General and Special Meeting, scheduled for September 26, 2024, at 2:00 pm MDT in Calgary. The company also reported the retirement of Mr. Maury Dumba from the Board of Directors, effective September 1, 2024. Lt. General (ret'd) Honourable Andrew Leslie, Chairman of Volt Lithium, expressed gratitude for Mr. Dumba's contributions over the past two years.

Shareholders of record as of August 27, 2024, will receive the Notice of the Meeting, Management Information Circular, and Form of Proxy. These documents will also be available on SEDAR+ and the company's website.

Volt Lithium Corp. (VLTLF) has successfully deployed and installed its first proprietary direct lithium extraction (DLE) field unit in the Permian Basin, Texas. The company has commenced function-testing, paving the way for initial lithium production. Notably, Volt has scaled up the field unit's capacity to process over 200,000 litres (1,250 barrels) of oilfield brine per day, more than doubling its previous capabilities.

This achievement marks a critical milestone in Volt's strategy to become one of North America's first commercial producers of lithium from oilfield brine. The company is on track to commence DLE operations in Q3 2024. Volt's modular field unit design allows for cost-effective and efficient scale-up through various methods, with plans to reach commercial production of 100,000 barrels per day within the next year.

Volt's phased approach, extensive testing, and strategic partnerships position the company to mitigate project execution risk while accelerating the timeline to full-scale commercialization. This strategy also minimizes capital at risk and allows for additional validation of Volt's proprietary DLE technology.

Volt Lithium Corp. (VLTLF) has achieved a significant operational milestone by scaling up its field unit to process 96,000 litres per day of oilfield brine, representing a 100 times increase in processing capacity. The company has maintained lithium recoveries of up to 99% during the scale-up, even with inlet brine concentrations as low as 31 mg/L. This achievement confirms Volt's ability to extract lithium from oilfield brines as it prepares to commence field operations in Q3 2024.

Volt's proprietary Direct Lithium Extraction (DLE) technology has been verified by ALS Canada , an independent third-party. The company has improved its extraction time from 120 to 60 minutes and designed its field unit for continuous 24/7 operation. Volt plans to scale up to full-scale commercial production by the second half of 2025, with an estimated capacity to process 100,000 barrels per day of brine.