Last week, Volt Lithium Corp. (Trading as VLT.v or VLTLF for US investors) disclosed the findings of its Preliminary Economic Assessment (PEA) for the Rainbow Lake Lithium Project. With this. VLT experienced a 5% increase in its stock today, backed by above-average trading volume, resulting in a 22% share price increase over the last 5 trading days.
The Rainbow Lake Lithium Project, spanning 430,000 acres in northwest Alberta, Canada, is projected to exhibit robust production ranging from 1,000 to over 23,000 metric tonnes per year of battery-grade lithium hydroxide monohydrate over a 19-year period, as indicated by the PEA.
Key economic indicators supporting the viability of the Rainbow Lake Project include a pre-tax Net Present Value of US$1.5 billion at an 8% discount rate (NPV8) and an impressive Internal Rate of Return (IRR) of 45%. In addition, sensitivity analysis underscores the project's resilience to market fluctuations.
Volt's collaboration with a private oil and gas company, facilitated through a capital expenditure recovery program and cost-sharing arrangement, enhances the overall economic outlook of the project. The success of Volt's proprietary direct lithium extraction (DLE) technology during the Pilot Program serves as the foundation for the PEA.
Volt's forward-thinking strategy, coupled with its proprietary DLE technology, positions the company as a potential future leader in North America's lithium market. Committed to sustainable development and transparent operations, Volt aims to generate long-term shareholder value while contributing to the global clean energy transition.
Full findings here: https://voltlithium.com/wp-content/uploads/2023/12/231214-VOLT-PEA-Final.pdf
Posted on behalf of Volt Lithium Corp.