As the demand for lithium is projected to rise, Volt Lithium Corp. (Ticker: VLT.v or VLTLF for US investors) is at the forefront of the North American sector, pioneering the path to become the region's first commercial producer of lithium hydroxide and lithium carbonates derived from oilfield brine.
VLT utilizes its innovative IES-300 DLE technology to efficiently extract lithium from lower-grade brines.
The proprietary extraction process involves two stages, resulting in the removal of 99% of contaminants from lithium-infused brine and extracting 93% of the lithium itself.
This efficient process leads to reduced capital costs, further enhancing VLT's position in the market.
VLT's flagship is the Rainbow Lake Lithium Project which boasts concentrations reaching up to 121 mg/L lithium. The project spans 435,000 acres and has over 1,300 wells.
The company has made significant progress, transitioning from bench-scale testing to pilot production with a promising lithium recovery rate of up to 90%.
Today, VLT announced that it has successfully raised $6.8M to continue to:
-Develop its direct lithium extraction technology
-Improve operating efficiencies following its successful pilot operations
-Build-out its permanent pilot to test its technologies in real-time
-Create a PEA for the Rainbow Lake Project
-Explore its mineral properties
-And more
Full New Here: https://voltlithium.com/wp-content/uploads/2023/08/23-08-04-Press-Release-Closing-Final.pdf Posted on behalf of Volt Lithium Corp.