Volt Lithium Corp V.VLT

$6.8M funding ensures VLT is capitalized to execute focus

[MarketMakerss]

"Even if every asset in the pipeline came online on time and hit their projected lithium production capacities, the world would still need 1.8 million tonnes on top of that to meet the high case demand" - With over $116 billion required by the lithium industry to meet automaker and policy targets by 2030, the need for both investments into the lithium space and for new sources to come online is significant. (Source: https://source.benchmarkminerals.com/article/lithium-industry-needs-over-116-billion-to-meet-automaker-and-policy-targets-by-2030)

One company that is strongly positioned in this industry is Volt Lithium (VLT.v VLTLF).

Having recently closed a financing for approximately $6.8M, VLT is well capitalized to execute its focus on extracting lithium from oilfield brines.

VLT's innovative IES-300 DLE technology boasts impressive capabilities, enabling lithium recoveries of 90% from concentrations as low as 34 mg/L as well as 97% recoveries using 120 mg/L concentrations, all while maintaining commercial viability.

Additionally, VLT recently made a made strategic collaboration with two cutting-edge nanotechnology labs, accelerating the potential for domestic lithium production.

Focused on removing contaminants from oilfield brine to use in VLT's DLE technology, this technology offers a compelling opportunity to oil and gas operators, presenting a win-win situation by adding value to existing oilfield operations.

VLT is on track to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property which has a substantial lithium resource of 4.3 million tonnes and concentrations reaching up to 121mg/L. Further emphasizing the potential here, VLT expects to produce 1,000 tonnes of lithium hydroxide by the end of June 2025, resulting in CAD$42 million in revenue.

While the industry is oversaturated with juniors living on dilutive cheap financings and warrant exercises, VLT is one company that is getting serious money with institutional backing and likely going to soar once the money returns to the space.

For more information on the need for critical metals in the global energy transition and VLT's strong ESG solution, check out this Mining Magazine article: https://www.miningmagazine.com/issues/news/1456558/emagazine-july-august-2023

Posted on behalf of Volt Lithium Corp.