Allied Copper Corp. (Tickers: CPR.V or CPRRF for US investors) closed in the green today with 465,375 shares traded, almost double its average volume. The company has also sustained a 100% Buy rating on Barchart.com
The momentum CPR.v is seeing could be due to multiple factors, including that the company is set to change its name to Volt Lithium this week, a move which is expected to greatly enhance its visibility in the lithium market.
Volt Lithium's flagship asset, the Rainbow Lake Property situated in NW Alberta, boasts an impressive resource of lithium-enriched brine, estimated at 78 billion barrels, with lithium grades reaching as high as 119 mg/L.
With mineral extraction rights for Rainbow Lake under its control, and its partner Cabot Energy holding the petroleum and gas rights, Volt Lithium is strategically positioned to leverage Cabot's established infrastructure, avoiding costly exploration efforts and gaining a competitive advantage over other junior lithium companies. This makes Volt Lithium an attractive investment choice for investors seeking exposure to the growing lithium market.
Aspiring to be the first company in North America to achieve profitable commercial production of lithium from oilfield brine, Volt Lithium is positioning itself as a pioneer in this emerging industry, offering significant growth potential for investors.
In addition to the expected name-change, another potential catalyst for Volt Lithium is its ongoing pilot production project, which aims to demonstrate the company's proficiency in extracting lithium from the oilfield brines of Rainbow Lake.
Volt's objective is to achieve high lithium recoveries during the program and show that the company is able to efficiently and profitably recover lithium from the project. Volt will process up to 250,000 litres of brine during this pilot. Investors can expect pilot results by the end of June.
Learn more about Volt Lithium and the Rainbow Lake project here: https://www.alliedcoppercorp.com/_files/ugd/a0750b_102f15fb04e34657a6411b62ea528238.pdf Posted on behalf of Allied Copper Corp.