Volt Lithium Scales-Up U.S. Field Operations in Texas, Paving Way for Significant Growth in 2025
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 (VLTLF) ha ampliato le sue operazioni negli Stati Uniti nel bacino permiano, in Texas, potenziando la sua Unità di Campo di Generazione 4 per trattare 2.500 barili al giorno di salamoia di campo petrolifero infusa di litio. L'azienda ha completato oltre 200 operazioni attive da settembre 2024, raggiungendo recuperi di litio fino al 98%. Una nuova Unità di Campo di Generazione 5, prevista per l'avvio a gennaio 2025, aumenterà la capacità di lavorazione a 10.000 barili al giorno.
L'azienda ha ottimizzato con successo il suo sistema DLE e il processo di recupero acido, mantenendo elevati standard tecnici verificati da test di terzi. Inoltre, Volt prevede di lanciare un'unità di campo completamente finanziata nel Nord Dakota durante la prima metà del 2025.
Volt Lithium Corp (VLTLF) ha ampliado sus operaciones en EE. UU. en la cuenca pérmica, Texas, aumentando su Unidad de Campo de Generación 4 para procesar 2,500 barriles por día de salmuera de campo petrolero infusionada con litio. La compañía ha completado más de 200 ejecuciones operativas desde septiembre de 2024, logrando recuperaciones de litio de hasta el 98%. Una nueva Unidad de Campo de Generación 5, programada para ser puesta en marcha en enero de 2025, aumentará la capacidad de procesamiento a 10,000 barriles por día.
La empresa ha optimizado con éxito su sistema DLE y el proceso de recuperación de ácido, manteniendo altos estándares técnicos verificados por pruebas de terceros. Además, Volt planea implementar una unidad de campo totalmente financiada en Dakota del Norte durante la primera mitad de 2025.
Volt Lithium Corp (VLTLF)는 미국 텍사스의 페르미안 분지에서 운영을 확대하고 있으며, 제4세대 필드 유닛의 규모를 확대하여 리튬이 주입된 유전 염수의 하루 처리량을 2,500 배럴로 증가시켰습니다. 회사는 2024년 9월 이후 200회 이상의 운영을 완료했으며, 최대 98%의 리튬 회수율을 달성했습니다. 2025년 1월에 가동될 제5세대 필드 유닛은 처리 용량을 하루 10,000 배럴로 증가시킬 것입니다.
회사는 DLE 시스템과 산 회수 과정을 성공적으로 최적화했으며, 제3자 테스트로 검증된 높은 기술 기준을 유지하고 있습니다. 또한, Volt는 2025년 상반기 동안 노스다코타에서 완전히 자금이 지원된 필드 유닛을 배치할 계획입니다.
Volt Lithium Corp (VLTLF) a élargi ses opérations aux États-Unis dans le bassin permien, au Texas, en augmentant sa Field Unit de génération 4 pour traiter 2 500 barils par jour de saumure de champ pétrolier infusée au lithium. L'entreprise a effectué plus de 200 opérations depuis septembre 2024, atteignant des récupérations de lithium allant jusqu'à 98 %. Une nouvelle Field Unit de génération 5, prévue pour être mise en service en janvier 2025, augmentera la capacité de traitement à 10 000 barils par jour.
L'entreprise a réussi à optimiser son système DLE et son processus de récupération d'acide, tout en maintenant des normes techniques élevées vérifiées par des tests tiers. De plus, Volt prévoit de déployer une unité de champ entièrement financée dans le Dakota du Nord au cours de la première moitié de 2025.
Volt Lithium Corp (VLTLF) hat seine Betrieb in den USA im Permian Basin, Texas, ausgeweitet und die Generation 4 Field Unit hochskaliert, um 2.500 Barrel pro Tag von lithium-infundierter Ölfield-Sole zu verarbeiten. Das Unternehmen hat seit September 2024 über 200 Betriebsdurchläufe abgeschlossen und eine Lithium-Rückgewinnung von bis zu 98% erreicht. Eine neue Generation 5 Field Unit, die im Januar 2025 in Betrieb genommen wird, wird die VerarbeitungsKapazität auf 10.000 Barrel pro Tag erhöhen.
Das Unternehmen hat erfolgreich sein DLE-System und den Säurerückgewinnungsprozess optimiert und dabei hohe technische Standards eingehalten, die von Drittanbietertests verifiziert wurden. Darüber hinaus plant Volt, in der ersten Hälfte von 2025 eine vollständig finanzierte Feldeinheit in North Dakota einzusetzen.
- Scaled up processing capacity to 2,500 barrels per day with Gen 4 Field Unit
- Achieved 98% lithium recovery rates in field operations
- Planning 4x capacity increase to 10,000 barrels/day with Gen 5 Field Unit in January 2025
- Successfully completed 200+ operational runs since September 2024
- North Dakota field unit fully funded for deployment in H1 2025
- None.
- Generation 4 Field Unit system scaled-up capacity to 2,500 barrels per day (480,000 litres per day) of lithium-infused oilfield brine represents one of industry’s largest operational direct lithium extraction (“DLE”) field units to date
- Generation 5 Field Unit to be commissioned during January 2025 to process up to 10,000 barrels per day (1.9 million litres per day)
- Lithium recoveries of up to
98% achieved during field scale-up, with inlet brine concentrations as low as 25 mg/L
CALGARY, Alberta, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) ("Volt" or the "Company") is pleased to announce the achievement of another pivotal milestone on the path to commercializing its proprietary and proven next-generation Direct Lithium Extraction (“DLE”) technology for processing oilfield brines. The Company has scaled-up its U.S. field operations to process over 2,500 barrels per day (“bbls/d”) (equivalent to 480,000 litres per day) from the Permian Basin in Texas. Additionally, Volt has completed over 200 operational runs in the field since commencing operations and achieving first lithium production in September 2024.
“The Permian Basin is globally significant, currently producing approximately 19 million barrels of lithium-infused brine per day, making it one of the largest potential sources of lithium in the United States,” commented Alex Wylie, President & CEO of Volt. “With the scaling-up of our field operations, we continue to accelerate the Company’s trajectory for growth to becoming a significant North American lithium producer.”
“The experience gained in the field through Volt’s first 200 operational runs has been invaluable,” added John McEwen, CTO of Volt. “The Volt engineering and operational teams have leveraged the technical data acquired from field operations to significantly optimize Volt’s next generation system (“Generation 5”) that will produce up to 10,000 barrels of oilfield brine per day.”
Permian Basin Field Operations Update: Continued Field Unit Optimization
Volt’s U.S. Field Unit (“Field Unit”) is modular, providing the flexibility for continued optimization. Since commencing field operations in September 2024, Volt has focused on accumulating technical data to continuously optimize its Field Unit. The operations team has completed over 200 runs of the Generation 3 and 4 Field Units at our Strategic Partner’s site in the Permian Basin in Texas to date. The Generation 5 Field Unit will be commissioned in late January 2025 to process up to 10,000 bbls/d (1.9 million litres per day).
The technical and operational data and improvements have been critical building blocks to Volt’s scale-up process in the field. The system modifications made by the operations team have been incorporated into the Generation 5 Field Unit system, include the following:
- DLE System Optimization: Design modifications to Volt's DLE system to enhance drainage, allowing for increased daily processing capacity; and
- Acid Recovery Refinement: Modifications to the acid recovery phase have successfully increased the concentration of lithium in the lithium chloride eluate, while also decreasing cycle times. Volt's technical team is dedicated to further refining the acid recovery process to maximize lithium concentration and extraction efficiency. This ongoing optimization is expected to enhance the overall economic performance of Volt's Generation 5 Field Unit.
Through the scale-up of Volt’s production capacity, the technical standards of achieving up to
Since October 2024, Volt’s proprietary DLE process has successfully built up an inventory of high-quality eluate that is being converted into a
Permian Basin Brine Production
The brine production from the Permian Basin today is approximately 19 million bbls/d, representing an estimated potential of 325,000 tonnes per annum of lithium carbonate production. Assuming average economics from lithium extraction, sensitivities are as follows at potential production levels and lithium concentrations 1,2.
| Brine Production per day (bbls) | Lithium Carbonate Production per annum (tonnes) (31 mg/L) | Operating Cash Flow3 per annum (31 mg/L) ($US) | Lithium Carbonate Production per annum (tonnes) (55 mg/L) | Operating Cash Flow3 per annum (55 mg/L) ($US) | ||
| 100,000 | 900 | 1,600 | ||||
| 500,000 | 4,500 | 8,000 | ||||
| 1,000,000 | 9,000 | 16,000 | ||||
| 2,000,000 | 18,000 | 32,000 | ||||
North Dakota Field Unit Update
Volt has utilized the funding from the State of North Dakota to purchase the equipment for the North Dakota field unit. The field unit is fully funded and the Company expects to deploy the North Dakota field unit during the first half of 2025. Volt and Wellspring will apply for an additional US
Qualified Person’s Statement
Scientific and technical information contained in this press release has been reviewed and approved by Doug Ashton, P.Eng, and Meghan Klein, P.Eng of Sproule Associates Limited, each of whom are qualified persons within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Ashton and Ms. Klein consent to the inclusion of the data in the form and context in which it appears.
About Volt
Volt is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience and existing infrastructure to extract lithium deposits from existing wells, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. With four differentiating pillars, and a proprietary Direct Lithium Extraction (“DLE”) technology and process, Volt’s innovative approach to development is focused on allowing the highest lithium recoveries with lowest costs, positioning us well for future commercialization. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company’s continued progress on its website: https://voltlithium.com/.
Contact Information
For Investor Relations inquiries or further information, please contact:
Alex Wylie, President & CEO
T: +1.403.830.5811
Or
Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213
E: info@voltlithium.com
Forward Looking Statements
This news release includes certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “will”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation, information with respect to the terms of the operational milestone, Volume Scale-up. Extraction Time Improvements and Continuous Processing vs Batch Processing, the deployment of the Field Unit in the Permian Basin, the production of battery grade lithium by the Field Unit, and the commercial production of lithium from oilfield brine. With respect to the forward-looking information contained in this press release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein including those known risk factors outlined in the Company’s annual information form for the year ended June 30, 2024 and (final) short form base shelf prospectus dated July 20, 2023. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
1 Assumes pricing of US
2 Based upon Volt’s preliminary estimates processing brine at lithium concentrations from the Permian Basin.
3 Operating cash flow is calculated as revenue less operating costs and does not include taxes or royalties.
FAQ
What is Volt Lithium's (VLTLF) current daily processing capacity in the Permian Basin?
When will VLTLF's Generation 5 Field Unit be operational?
What lithium recovery rate has VLTLF achieved in their field operations?
What is VLTLF's expansion plan for North Dakota?
How many operational runs has VLTLF completed since September 2024?
