Morgan Stanley highlights improving lithium sentiment With the success of its pilot project and project economics to be reported this quarter, Volt Lithium (VLT.v VLTLF) is positioned at the forefront of the rapidly growing electric vehicle and renewable energy sectors.
The global push towards clean energy solutions and the increasing demand for EVs is driving up its value and demand for lithium, ensuring VLT's strategic position in lithium supply chain with strong potential for growth and profitability.
Previously known as Allied Copper (CPR.v CPRFF), VLT is focused on developing its Rainbow Lake Lithium Project and is on track to become a near-term producer in North America with a short timeline to initial production.
Rainbow Lake has a robust lithium reservoir with 78 billion barrels of lithium-infused brine and concentrations up to 119 mg/L. Pilot production is currently underway and VLT is aiming to start commercial production in 2024, producing 1000 tonnes/year initially before scaling up to 20,000 tonnes/year.
Notably, VLT recently made a technological breakthrough with its proprietary, next-generation IES-300 DLE technology, achieving 93% lithium extraction while reducing the amount of re-agent required to treat oilfield brine as it enters the extraction process, resulting in lower operating costs and enhancing the project's economics.
Plus, VLT's technically-focused strategy targeting profitable commercial production of lithium from oilfield brine ensures significant growth potential makes VLT a stable investment with long term production potential.
For more information, check out VLT's recently updated investor presentation: https://voltlithium.com/wp-content/uploads/2023/05/23-05-02-Volt-Lithium-April-Deck-FINAL2.pdf
Posted on behalf of Volt Lithium Corp.