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Volt Lithium Corp VLTLF


Primary Symbol: V.VLT

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.


TSXV:VLT - Post by User

Post by Betteryear2on Feb 21, 2024 9:04am
73 Views
Post# 35890531

Volt Lithium Reduces Operating Costs By 64%

Volt Lithium Reduces Operating Costs By 64%CALGARY, Alberta, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) ("Volt" or the "Company") is pleased to announce the achievement of another critical milestone on the path to commercializing its proprietary and proven next-generation Direct Lithium Extraction (“DLE”) technology for processing oilfield brines at the Company’s permanent Demonstration Plant in Calgary (the “Demonstration Plant”). As a result of continued DLE technology process improvements, led by Volt’s scientific and engineering teams, the Company has achieved a 64% reduction in full-cycle DLE operating costs to process brine from its Rainbow Lake, Alberta project at Volt’s Demonstration Plant. This reduction builds on the Company’s past success streamlining the DLE process and driving down costs in order to support robust margins for Volt's production of lithium carbonate, even within a volatile price environment for lithium.

Volt Lithium Reduces Operating Costs By 64%, Achieving (globenewswire.com)
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