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Published on 23 Oct 2024 • 4 minutes of reading
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- Successfully produced >99.5% battery grade lithium carbonate
- Samples produced for review by potential partners
- Lithium chloride and lithium carbonate concentrate production for the remainder of 2024
CALGARY, Alberta, October 23, 2024 (GLOBE NEWSWIRE) — Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF I FSE: I2D) (“Volt“or”Company“) announced the successful production of battery-grade lithium carbonate from US field operations in the Permian Basin in West Texas, USA.
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“Successfully producing battery-grade lithium carbonate from the Permian is another important milestone that Volt has achieved this year,” commented Alex Wylie, President & CEO of Volt Lithium. “Volt Lithium is on track to become one of the first commercial producers of lithium in North America from brine oilfields, contributing to the security of future sources of critical minerals in North America.”
US Field Operations Update: Production of Battery Grade Lithium Chloride and Lithium Carbonate
Volt has developed innovative DLE technology with the goal of commercially extracting lithium from oil field brines in North America. This is in line with our goal of contributing to securing critical mineral supply chains for North America. Volt has been operating its exclusive direct lithium extraction (“DLE”) system in the field since September 17, 2024, and continues to optimize its US field unit (“Field Unit”). The Volt Field Unit provides the Company with the ability to cost effectively and efficiently process commercial grade oil field brines.
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Volt has successfully produced lithium chloride concentrate, lithium carbonate precursor, lithium hydroxide monohydrate and lithium metal from the Field Unit from oil field brine produced in the Permian basin since September 17, 2024. Volt’s proprietary DLE process has successfully built an inventory of high-quality eluates converted to lithium 99.5% pure battery grade carbonate.
Lithium carbonate samples have been created and verified through third-party testing for review by potential partners. Volt will continue to produce lithium chloride concentrate as well as technical grade lithium carbonate and batteries in the field for the remainder of 2024.
Volt’s proprietary DLE technology involves a three-stage process to extract lithium from oil field brine. In phase one, Volt uses a proven process to treat and clean oilfield brine effectively removing up to 99% of organics and contaminants while preparing the brine for the DLE process. In the second stage, Volt uses the Company’s proprietary DLE technology to extract lithium from the brine, which on average produces a lithium extraction yield of up to 99% to produce an eluate (lithium chloride concentration). In the final three stages, Volt cleans and concentrates the filtered eluate in-house into lithium carbonate, which can meet industry specifications for battery-grade lithium.
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Declaration of Qualified Persons
The scientific and technical information contained in this press release has been reviewed and approved by Doug Ashton, P.Eng, and Meghan Klein, P.Eng of Sproule Associates Limited, each of whom is a qualified person within the meaning of National Instrument 43-101 – Mineral Project Disclosure Standard (“NI 43-101”). Mr. Ashton and Ms. Klein consent to the inclusion of data in the form and context in which it appears.
About the Volt
Volt is a lithium technology and development company that aims to be one of the first commercial producers of lithium carbonate and lithium hydroxide in North America from oil field brine. Our strategy is to generate value for our shareholders by using our hydrocarbon management experience and existing infrastructure to extract lithium deposits from existing wells, thereby reducing capital costs, reducing risk and supporting the world’s clean energy transition. With four pillars of differentiation, and Direct Lithium Extraction (“DLE”) technology and process, Volt’s innovative approach to development focuses on allowing the highest lithium recovery with the lowest cost, positioning us for future commercialization. We are committed to operating efficiently and transparently in all areas of our business with a strong focus on creating long-term and sustainable shareholder value. Investors and/or other interested parties can log in for updates on the Company’s continued progress at the website: https://voltlithium.com/.
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Contact Information
For Investor Relations inquiries or more information, please contact:
Alex Wylie, President & CEO
T: +1.403.830.5811
Email: info@voltlithium.com
Or
Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213
Email: info@voltlithium.com
Forward Looking Statement
This news release includes certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “will”, “will”, “could” , “schedule” and similar words or expressions, identify forward-looking statements or information. Statements, in addition to statements of historical fact, may include forward-looking information and include, without limitation, information regarding operational milestones, Volume Scale- up. Continuous Extraction and Processing vs. Batch Processing, Field Unit deployments in the Permian Basin, battery-grade lithium production by Field Units, and the forward-looking information contained in this press release makes many assumptions. While the Company considers these assumptions to be reasonable, these assumptions are subject to significant uncertainties and contingencies. In addition, there are known and unknown risk factors that could affect actual results, performance, or performance The Company’s future results, performance or achievements may differ significantly from those indicated or implied by the forward-looking information contained herein including the known risk factors mentioned in the Company’s annual information Form dated February 29, 2024 and (final) form-based shelf prospectus short of July 20, 2023. All forward-looking information herein is qualified in its entirety in accordance with this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the results of any revisions to any forward-looking information. looking that is here to reflect future results, events or developments, unless required by law.
Neither the TSX Venture Exchange nor the Regulatory Service Providers (as those terms are defined in TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this press release.
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