VLT Breaks Ground w/ Robust Preliminary Economic Assessment Volt Lithium Corp. (Ticker: VLT.v or VLTLF for US investors), which is both creating unique lithium extraction tech and controls lithium extraction rights for the Rainbow Lake lithium project, recently unveiled a new Preliminary Economic Assessment (PEA) for its project. The success of Volt's proprietary direct lithium extraction technology, demonstrated during the Pilot Program, serves as the foundation for the PEA.
Rainbow Lake spans 430,000 acres, and the PEA projects a robust production scale ranging from 1,000 to over 23,000 metric tonnes per year of battery-grade lithium hydroxide monohydrate over a 19-year period.
The Rainbow Lake Project's economic viability is underscored by an impressive pre-tax Net Present Value of US$1.5 billion at an 8% discount rate (NPV8) and a noteworthy Internal Rate of Return (IRR) of 45%. Additionally, sensitivity analysis reveals the project's resilience to various market fluctuations.
Expressing satisfaction with the PEA results, Alex Wylie, President & CEO of Volt, highlighted the company's strategic focus on extracting lithium from oilfield brines, enabling substantial project returns and sustainable growth in lithium production.
Volt's collaboration with a private oil and gas company, facilitated through a capital expenditure recovery program and cost-sharing arrangement, further enhances the overall economics of the Rainbow Lake Project.
Volt's innovative approach, supported by its proprietary DLE technology, positions the company as a potential leader in North America's lithium market. Committed to sustainable development and transparent operations, Volt aims to create long-term shareholder value while contributing to the global clean energy transition.
For more details here: https://voltlithium.com/wp-content/uploads/2023/12/231214-VOLT-PEA-Final.pdf
Posted on behalf of Volt Lithium Corp.