VOLT LITHIUM CORP - VLTLF STOCK NEWS

Volt Lithium Corp. achieves a 64% reduction in operating costs for its Direct Lithium Extraction technology, positioning itself as a low-cost lithium producer. The company's DLE process improvements lead to increased lithium extraction rates and cost efficiency, supporting its goal of commercial success in battery-grade lithium production.

Volt Lithium Corp. successfully produced 99.5% battery-grade lithium carbonate in-house at its Demonstration Plant in Calgary. The Company used its proprietary DLE technology to process oilfield brine from the Keg River formation at its Rainbow Lake, Alberta asset. This achievement positions Volt as a low-cost operator and reduces the cost to produce lithium carbonate, enhancing margins. The Company's commitment to innovation and sustainability is evident in the optimization of its DLE technology and the successful processing of oilfield brine.

Volt Lithium Corp. achieved significant milestones in 2023, focusing on direct lithium extraction from oilfield brines using proprietary technology. The company demonstrated high lithium extraction from low concentration brines, constructed and commissioned a permanent demonstration plant, published an initial independent resource estimate, delivered a preliminary economic assessment, and executed collaborations with industry experts. The 2024 outlook includes plans to advance partnerships, strengthen the team, produce lithium carbonate in-house, secure partnerships with oilfield operators, apply for grant funding, and engage with First Nations for potential partnerships and funding sources.

Volt Lithium Corp. (TSXV: VLT) announced their Preliminary Economic Assessment for the Rainbow Lake Lithium Project, projecting an estimated production scaling from 1,000 to over 23,000 metric tonnes per year of battery-grade lithium hydroxide monohydrate over a 19-year period. The PEA outlines pre-tax $1.5 Billion NPV8 and IRR of 45%, with after-tax $1.1 Billion NPV8 and IRR of 35%. Volt has entered into a capital expenditure recovery program and cost-sharing arrangement that significantly enhances overall project economics. The project economics assumed $25,000/tonne LHM and provides strong leverage to higher lithium prices.

Volt Lithium Corp. provides an operational update on its business strategy to extract lithium from oilfield brines. The company has successfully conducted pilot plant operations for its Rainbow Lake Lithium Project and has commissioned a permanent Demonstration Plant capable of testing oilfield brines from multiple basins across North America. The outcomes from the Demonstration Plant will inform the Company's preliminary economic assessment for Rainbow Lake.

Volt Lithium Corp. announces CEO's participation in two investor conferences.

Volt Lithium Corp. appoints Lt. General Andrew Leslie as Chair of the Board of Directors. Stock options granted to directors, officers, and consultants.

Volt Lithium Corp. terminates two option agreements related to copper assets, streamlining its asset base and focusing on lithium development. The terminated agreements include the Stateline Property and the Silver King Property. Volt is required to maintain the mineral claims of the Stateline Property for two years at an expected cost of $30,000. The termination of both agreements is effective immediately.

Volt Lithium Corp. (TSX-V: VLT, OTCQB: VLTLF, FSE: I2D) has filed a short form base shelf prospectus with the Canadian securities regulatory authorities, except Québec. The filings are expected to be available for review under the Company’s SEDAR+ profile on Tuesday, July 25, 2023. This announcement does not constitute an offer to sell or a solicitation of an offer to buy, and there will be no sale of these Securities in any jurisdiction without proper registration or qualifications under the securities laws.