Volt Lithium (VLT.v VLTLF) recently announced the streamlining of its asset base, offering investors "exposure to a growing, pure-play lithium development and technology company, aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine." (Source: https://www.streetwisereports.com/article/2023/08/22/volt-lithium-a-life-changing-find.html)
With factories manufacturing electric vehicles raising demand for lithium and other battery metals, Michael Ballanger of GGM Advisory cited VLT as a "life-altering" find due to its 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. In removing contaminants from oilfield brine to use in their DLE technology, VLT additionally offers a compelling opportunity to oil and gas operators, presenting a win-win situation by adding value to existing oilfield operations.
Furthermore, 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.
With a recent financing round of approximately $6.8M, VLT has all of the capital needed to execute on its focus, including the implementation of its DLE production method by the second half of 2024 at its Rainbow Lake Property.
For more information, check out this Street Wise Reports article Magazine, highlighting VLT's significant potential as a "Life Changing Find": https://www.streetwisereports.com/article/2023/08/22/volt-lithium-a-life-changing-find.html
Posted on behalf of Volt Lithium Corp.