Volt Lithium Corp V.VLT

Doubling Production While Reducing Environmental Damage

[MarketMakerss]

With the ability to unlock sources of lithium while bringing environmental benefits, reducing land and water use and waste, Direct Lithium Extraction (DLE) has emerged as a "potential game-changing technology for lithium supply", which is expected to increase over 40 times by 2040.

As the electric vehicle and energy storage markets accelerate, the world will face a critical bottleneck for the lithium supply chain, however, these new technologies are working to double production while reducing environmental damage. (Source: https://spectrum.ieee.org/direct-lithium)

Volt Lithium

Confirming its accelerated lithium extraction strategy, Volt Lithium (VLT.v VLTLF), a leader in the DLE industry, has expanded its capabilities beyond its flagship Rainbow Lake Lithium Project with the commissioning of its permanent Demonstration Plant, as detailed in this Streetwise Reports article: https://www.streetwisereports.com/article/2023/10/25/canadian-co-confirms-accelerated-lithium-extraction-strategy.html

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.

Innovative DLE Technology

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.

PEA 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.