Volt Lithium Corp VLTLF

Primary Symbol: V.VLT

Metals & Mining Industrial Metals & Minerals

Volt Lithium Corp. is a Canada-based lithium development and technology company. The Company focuses on being a commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. It focuses on leveraging its direct lithium extraction (DLE) technology to extract lithium deposits from established wells, supporting the clean energy transition. The Company is developing its lithium project in the area of Rainbow Lake, in Northwest Alberta (the Rainbow Lake Lithium Project). The Rainbow Lake Property is in northwest Alberta and is defined by 20 contiguous Alberta Metallic and Industrial Mineral Permits (173,990 hectares) of which the Company has 100% mineral interest ownership. It holds a non-core portfolio of copper assets, providing the Company with additional diversification across the battery metals landscape. Its copper assets include Silver King Property and Stateline Property.

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Volt Lithium Corp

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Post by MarketMakersson Aug 17, 2023 5:25pm

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Post# 35593813

Lithium Exploration Boom

Despite a retreat in prices following last year's record high, the lithium exploration boom has persisted, largely in Canada with Quebec and Ontario attracting the most new projects: https://www.mining.com/lithium-exploration-in-canada-in-charts/

Alberta, however, hosts a range of advanced projects including E3 Lithium's (ETL, $211M market cap) Bashaw pre-feasibility stage lithium brine project, LithiumBank's (LBNK, $48M market cap) Boardwalk Lithium Brine Project, as well as Volt Lithium's (VLT.v VLTLF. $20M market cap) Rainbow Lake Pre-PEA Lithium Project.

VLT's Rainbow Lake Project boasts a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L. The company is currently on track to release a PEA for Rainbow Lake this summer and aims to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.

The company highlight, however, is VLT's innovative IES-300 DLE technology, designed for extracting lithium from oilfield brines. VLT's DLE technology achieves impressive lithium recoveries, reaching 90% from concentrations as low as 34 mg/L and 97% recoveries using 120 mg/L concentrations, all while maintaining commercial viability.

With a recent financing round of approximately $6.8M, VLT has all of the capital needed to execute its focus, including the implementation of its DLE production method by the second half of 2024 at its Rainbow Lake Property.

VLT has additionally accelerated its potential for domestic lithium production through its strategic collaboration with two cutting-edge nanotechnology labs. This partnership is focused on removing contaminants from oilfield brine to use in VLT's DLE technology, offering a compelling opportunity to oil and gas operators, and presenting a win-win situation by adding value to existing oilfield operations.

For more information, check out this Mining Magazine article highlighting the need for critical metals in the global energy transition and VLT's strong ESG solution: https://www.miningmagazine.com/issues/news/1456558/emagazine-july-august-2023

Posted on behalf of Volt Lithium Corp.

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