Volt Lithium Corp. (Ticker: VLT.v or VLTLF for US investors) closed up 23% on the TSXV today with over double its average volume after sharing results of the Preliminary Economic Assessment (PEA) for its Rainbow Lake Lithium Project
The Rainbow Lake Lithium Project, situated in northwest Alberta, Canada spans 430,000 acres, and the PEA forecasts a robust production scaling from 1,000 to over 23,000 metric tonnes per year of battery-grade lithium hydroxide monohydrate over a 19-year period.
Underpinning the economic viability of the Rainbow Lake Project are its outstanding pre-tax US$1.5 billion Net Present Value at an 8% discount rate (NPV8) and an impressive Internal Rate of Return (IRR) of 45%.
Furthermore, sensitivity analysis highlights the project's resilience against various market fluctuations.
"We are very pleased with the results of the PEA," commented Alex Wylie, President & CEO of Volt. "Volt’s focus on extracting lithium from oilfield brines allows for significant project returns and economics that will allow Volt to grow its lithium production in a measured and responsible way."
Volt's collaboration with a private oil and gas company through a capital expenditure recovery program and cost-sharing arrangement enhances overall project economics.
The company's proprietary direct lithium extraction (DLE) technology demonstrated successful lithium extraction during the Pilot Program, forming the basis for the PEA.
Volt's innovative approach, bolstered by its proprietary DLE technology, positions the company as a potential future leader in North America's lithium market. Committed to sustainable development and transparent operations, Volt aims to create long-term shareholder value as it contributes to the global clean energy transition.
Full news here:
https://voltlithium.com/wp-content/uploads/2023/12/231214-VOLT-PEA-Final.pdf
Posted on behalf of Volt Lithium Corp.