Volt Lithium Corp VLTLF

VOLT LITHIUM CORP. ANNOUNCES SUCCESSFUL PILOT PROJECT

[Betteryear2]

• Pilot Project achieved 90% lithium recoveries at concentrations as low as 34 mg/L
• 97% recoveries achieved using 120 mg/L concentrations under simulated operating conditions
• Operating costs under CAD$4,000 per tonne at 120 mg/L expected to drive robust economics
• Novel breakthrough confirms commercial lithium extraction at low concentrations
• Pilot Project results set the stage for preparation of Preliminary Economic Assessment
   

Calgary, Alberta, Canada, May 24, 2023 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSX-V: VLT, OTCQB: VLTLF, FSE: I2D) (“Volt” or the “Company”) is very pleased to announce the results from a successful pilot project to test its proprietary direct lithium extraction (“DLE”) technology in a simulated commercial environment (the “Pilot Project”). The Pilot Project proved the Company’s ability to achieve lithium recoveries of 90% based on concentrations of only 34 mg/L. The Company also simulated operating conditions at concentrations of 120mg/L and achieved recoveries of up to 97% with operating costs under CAD$4,000 per tonne, assuming sustained average annual production of 20,000 tonnes (tpa) of lithium hydroxide monohydrate (“LHM”). Further, in an unprecedented result, the Pilot Project proved Volt’s DLE technology can maintain 90% lithium recoveries in concentrations as low as 34 mg/L, and still maintain commercial economics, an achievement that has yet to be reported by other lithium producers.

VOLT LITHIUM CORP. ANNOUNCES SUCCESSFUL PILOT PROJECT, (globenewswire.com)