Support from North Dakota Government: Additional funding of US$2,000,000 underscores continued support of Volt's proprietary direct lithium extraction technology. Accelerating Domestic Critical Minerals Production: Volt's rapid timeline to commercialization aims to bolster the U.S. supply chain with locally sourced lithium from existing oilfield infrastructure. Core Focus on American Innovation: The Company remains [...]
Generation 5 Field Unit operating since February 11, conducting over 90 system tests to refine operating parameters. Internal Nuclear Magnetic Resonance testing confirms lithium recoveries up to 99%, aligning with Volt's previous third-party verifications. System tests provide baseline for near-future automation, with an eye toward optimizing cost, throughput, and overall efficiency. Lithium stockpiling initiated to build [...]
Completed a 24-hour run on February 12, processing 11,573 barrels, surpassing the 10,000 barrel per day milestone Built and deployed Volt's largest DLE system in just four weeks, from mid-January to early February Further system testing underway to identify peak throughput capacity Lithium stockpiling initiated, creating an inventory for potential customers CALGARY, Alberta, Feb. 13, 2025 -- Volt Lithium Corp. is pleased [...]
Volt Lithium is pleased to provide an operational update on the path to commercializing its proprietary and proven next-generation Direct Lithium Extraction technology for processing oilfield brines. The Company is in the late stages of integrating its Generation 5 Field Unit into its partner's facility in Texas and remains on track for the new Field Unit to be operational by the end of Jan 2025. "Our team, in close [...]
Generation 4 Field Unit system scaled-up capacity to 2,500 barrels per day of lithium-infused oilfield brine represents one of industry's largest operational direct lithium extraction field units to date Generation 5 Field Unit to be commissioned during January 2025 to process up to 10,000 barrels per day Lithium recoveries of up to 98% achieved during field scale-up, with inlet brine concentrations as low as 25 mg/L [...]
Initial funding of US$500,000, and up to an additional US$2,000,000 in early 2025 for equipment and testing of Volt's proprietary direct lithium extraction technology for field operations Bakken formation in North Dakota generates approximately 2.0 million barrels of oilfield brine daily, representing the second largest producer of lithium-infused oilfield brine in the U.S. Potential to enhance North America's security of [...]
Volt Lithium Corp. is pleased to announce that it has successfully closed the second and final tranche of its previously announced non-brokered private placement of units of the Company . The Company completed the second tranche of the Concurrent Private Placement by distributing 430,645 Units at a price of $0.31 per Unit for gross proceeds of approximately $134,000. Together with the first tranche of the Concurrent [...]
Volt Lithium Corp. is pleased to announce that it has successfully raised approximately $6.2 million under its previously announced public financing . The Offering was undertaken on a "best efforts" agency basis led by Canaccord Genuity Corp. pursuant to the terms and conditions of an agency agreement dated November 13, 2024 entered into between the Company and the Agent. Volt was also advised on the Offering by 3L [...]
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. CALGARY, Alberta, Nov. 13, 2024 -- Volt Lithium Corp. is pleased to announce that it has filed its prospectus supplement to the Company's short form base shelf prospectus dated July 20, 2023 , which has been filed with the securities [...]
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. CALGARY, Alberta, Nov. 12, 2024 -- Volt Lithium Corp. is pleased to announce that it has entered into an amendment to its engagement letter with Canaccord Genuity Corp. pursuant to which the Canaccord Genuity has agreed to upsize the [...]
Volt Lithium Corp. is pleased to announce that it has entered into an engagement letter with Canaccord Genuity Corp. pursuant to which the Canaccord Genuity has agreed to lead, on a "best-efforts" marketed basis, a public offering of up to 16,200,000 units of the Company at a price of $0.31 per Unit for aggregate gross proceeds to the Company of up to $5,000,000. Closing of the Offering is expected to take place on or [...]
Direct lithium extraction processing time reduced four-fold to under 30 minutes at its Generation 3 U.S. Field Unit setting the stage for continuous automated commercial production by the end of 2024 Generation 3 U.S. Field Unit enables an increase of throughput capacity while reducing future capital requirements Industry veteran and Volt Advisory Board Member Dr. John McEwen, PhD Chemistry, appointed as Chief Technology [...]
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