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Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has announced an addendum to its agreement with Emerging Markets Consulting, LLC (EMC) to extend their partnership for an additional three months, subject to TSX Venture Exchange approval. The addendum allows EMC to continue providing investor relations services for a fee of $150,000 USD. This move aims to enhance the company's public and investor communications as it focuses on developing battery metals assets crucial for the global energy transition. Allied remains committed to transparency and creating long-term shareholder value.
Allied Copper Corp. announced the launch of a Pilot Project by its lithium division, Volt Lithium Corp, aimed at testing a proprietary Direct Lithium Extraction (DLE) process. The pilot will process up to 250,000 liters of oilfield brine from the Rainbow Lake project in Alberta, with results expected by June 2023. The goal is to achieve high lithium recoveries while demonstrating economic viability. Successful bench tests indicated 99% contaminant removal and 93% lithium recovery. The project marks a significant milestone in Volt's efforts to capitalize on the growing demand for lithium, essential for electric vehicle batteries.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) plans a special shareholder meeting on April 20, 2023, to seek approval for a name change to “Volt Lithium Corp,” a corporate continuance from Ontario to Alberta, and the election of Maury Dumba to the board. The name change aligns with the company’s focus on lithium-brine operations in Alberta. Mr. Dumba brings over 34 years of oil and gas industry experience. Additionally, the company announced voluntary lock-up agreements for 33,984,000 shares from significant shareholders. This move aims to maintain stock stability. The meeting materials will be available on SEDAR by March 29, 2023.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has announced the termination of its option to acquire a 100% interest in the Klondike Property, following an agreement with various stakeholders. This termination is effective immediately and requires the company to maintain the mineral claims in good standing for two years, with expected costs of approximately $43,000. Allied Copper focuses on low-cost battery metals assets, including the Stateline Property in Utah and holds considerable lithium permits in Alberta. The company aims to support the global energy transition while creating sustainable shareholder value.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has announced a non-brokered private placement aimed at raising up to $2 million by issuing 10 million units priced at $0.20 each. Each unit consists of one common share and a warrant to purchase an additional share at $0.30 within 24 months. The proceeds will be allocated to pilot programs and general corporate purposes. The offering is subject to approvals from the TSX Venture Exchange and will take place across all Canadian provinces except Quebec. The securities will be subject to a four-month hold period, and related parties may participate, exempt from certain valuation requirements.
Allied Copper Corp (CPRRF) announced a corporate update for its lithium-focused division, Volt Lithium Corp, on January 19, 2023. The results from reservoir testing at the Rainbow Lake property revealed lithium concentrations of up to 91 mg/L, confirming some of the highest levels in western Canada. Volt has also completed a preliminary volumetric resource study indicating 78 billion barrels of water-in-place across four zones. The company aims to commence a production pilot in H1 2023, with a complete resource estimate expected by the end of April 2023. This progress reinforces Volt's position in the competitive lithium market.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) has appointed Lt. General (ret’d) Honourable Andrew Leslie to its board of directors, effective immediately. Leslie brings extensive leadership experience from his military and political career, including command of 60,000 personnel as Commander/CEO of the Canadian Army. Additionally, the company has granted 4,800,000 stock options to its directors, officers, and employees, exercisable at CAD$ 0.155 per share for up to four years. Allied Copper focuses on developing battery-metal assets for the global energy transition.
Allied Copper Corp. has successfully completed the acquisition of 100% of Volt Lithium Corp.'s shares, enabling access to approximately 400,000 acres of lithium-rich land in Alberta's Rainbow Lake area. As part of the deal, Allied Copper issued 38,880,000 common shares to Volt's shareholders, reflecting a share exchange ratio of 1.92. Key management changes involve the appointment of Alex Wylie as President and the addition of new directors. Shareholders will vote on the board's continued appointments in the upcoming annual general meeting by January 31, 2023.
Allied Copper Corp. (TSXV: CPR) announces the results of its first modern drill test at the Klondike Property, revealing strong copper mineralization potential, particularly along the West Graben Fault. The test included five drilling holes, with KDB22-05 showing a notable 4.26% copper over 1.06 meters. The company highlights extensive exploration opportunities provided by 76 mining claims and aims to contribute to the global battery metals supply. Management sees these results as crucial for advancing its battery-metals-focused strategy.
Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) announced plans to acquire Volt Lithium Corp., expanding its asset base in battery metals. The acquisition, expected to close by December 8, 2022, includes Volt's Rainbow Lake lithium-brine project in Alberta, featuring significant mineral permits covering 165,062 hectares. Preliminary sampling yielded lithium concentrations averaging 35.0 mg/L, validating historical data. Volt's financials indicate total assets of $77,395 and liabilities of $297,476, with a net loss of $(542,771). The acquisition awaits approval from the TSX Venture Exchange.