Volt Lithium Corp VLTLF

VLT's Vast Market Opportunity

[MarketMakerss]

With the successful conduction of its pilot plant operations and commissioning of its permanent Demonstration Plant, capable of testing oilfield brines from multiple basins across North America at one time, Volt Lithium (VLT.v VLTLF) has confirmed its accelerated lithium extraction strategy as detailed in this Streetwise Reports article: https://www.streetwisereports.com/article/2023/10/25/canadian-co-confirms-accelerated-lithium-extraction-strategy.html

In furthering its commitment to achieving commercial lithium extraction from oilfield brines across North America, Volt Lithium (VLT.v VLTLF) has successfully expanded its capabilities beyond its flagship Rainbow Lake Lithium Project.

Building upon the successful pilot plant operations for Rainbow Lake, VLT commissioned its permanent Demonstration Plant which is capable of testing oilfield brines from multiple basins across North America in real-time.

This development enables VLT to use its proprietary Direct Lithium Extraction (DLE) technology to extract lithium regardless of the brine's original lithium concentrations, opening up a vast market opportunity.

Notably, VLT's DLE technology boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.

Permanent Demonstration Plant

The establishment of a Permanent Demonstration Plant represents a critical outcome from VLT's previously announced collaborations with Zend Lab and the Advanced Water Treatment Lab.

Serving as VLT's cornerstone facility for processing brines, the plant simulates field conditions for extracting lithium from oilfield brines and converting into lithium hydroxide and lithium carbonates.

This has allowed VLT to successfully remove contaminants from oilfield brine being used for its proprietary DLE technology, a critical step in the DLE process.

Rainbow Lake & Preliminary Economic Assessment Preparation

With the reservoir analysis now complete, VLT is finalizing the capital and operating costs required for the establishment of a 20,000-tonne-per-annum lithium plant at Rainbow Lake.

Showcasing a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to publish the Rainbow Lake PEA before the end of November 2023.

In offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.

Full Operational Update: https://www.globenewswire.com/news-release/2023/10/24/2765448/0/en/Volt-Lithium-Announces-Expanded-Capabilities-Beyond-Rainbow-Lake-Enabling-Oilfield-Brine-Processing-From-Across-North-America.html

Posted on behalf of Volt Lithium Corp.