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Volt Lithium Corp (VLTLF) is a leading company in the lithium industry, specializing in in-house lithium carbonate production. With a focus on operational efficiency, Volt is continually reducing operating costs through innovative DLE (Direct Lithium Extraction) technology. The company's commitment to sustainability and cost-effectiveness sets it apart in the market, making it a key player in the evolving lithium sector.
Volt Lithium Corp. (VLTLF) has announced successful continuous operation of its Generation 5 Field Unit in the Permian Basin, Texas, achieving a significant milestone by processing 11,573 barrels during a 24-hour run on February 12, 2025. This throughput exceeded the initial target of 10,000 barrels per day.
The company built and deployed its largest Direct Lithium Extraction (DLE) system in just four weeks, from mid-January to early February. The system's scale required direct field deployment, bypassing testing at Volt's Calgary facility. The company has begun stockpiling lithium and will continue system testing throughout February to determine peak throughput capacity.
Notably, Volt remains unaffected by potential new tariffs on Canadian imports due to its U.S.-based supply chain, Texas operations, and focus on domestic customers.
Volt Lithium Corp. (VLTLF) is advancing towards commercialization of its Direct Lithium Extraction (DLE) technology with the upcoming launch of its Generation 5 Field Unit in Texas by late January 2025. The new modular unit is designed to process 10,000 barrels of oilfield brine per day, marking a significant upgrade from the Generation 4 unit's 2,500-barrel capacity.
All essential equipment, including proprietary lithium extraction compounds and DLE processing modules, has been installed at the partner's facility. The lithium storage facilities are complete and ready to stockpile product for future sales, with operations expected to begin in early February 2025.
The company has appointed Bill McClain as Investor Relations lead and issued 250,000 stock options to staff, exercisable at $0.30 per share until January 2029. Additionally, Volt corrected its November 2024 private placement disclosure, confirming total issuance of 1,559,354 Units for gross proceeds of $483,399.74.
Volt Lithium Corp (VLTLF) has expanded its U.S. operations in the Permian Basin, Texas, scaling up its Generation 4 Field Unit to process 2,500 barrels per day of lithium-infused oilfield brine. The company has completed over 200 operational runs since September 2024, achieving lithium recoveries of up to 98%. A new Generation 5 Field Unit, set for commissioning in January 2025, will increase processing capacity to 10,000 barrels per day.
The company has successfully optimized its DLE system and acid recovery process, maintaining high technical standards verified by third-party testing. Additionally, Volt plans to deploy a fully-funded field unit in North Dakota during the first half of 2025.
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.
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