Volt Lithium Ord Shs Stock Price, News & Analysis

Volt Lithium Corp (VLTLF) has secured an additional US$2 million grant from the State of North Dakota through its partnership with Wellspring Hydro. The funding aims to advance Volt's proprietary direct lithium extraction (DLE) technology for domestic commercial deployment.

The grant follows a successful Field Study Agreement from December 2024 and will be used to scale Volt's DLE technology in North Dakota's Bakken formation. The company's strategy involves utilizing existing oilfield infrastructure to reduce capital requirements and accelerate operational readiness.

While maintaining its core focus on the Permian Basin in Texas, Volt plans to transfer its operational expertise to other regions, starting with North Dakota. The funding was awarded through North Dakota's Clean Sustainable Energy Authority Program and Renewable Energy Program, aiming to promote renewable energy development and benefit local businesses.

Volt Lithium Corp (VLTLF) has announced successful operations of its Generation 5 Field Unit in the Permian Basin, Texas, achieving up to 99% lithium extraction efficiency. The unit, operational since February 11, has undergone over 90 system tests to optimize performance parameters.

The Generation 5 unit represents Volt's largest Direct Lithium Extraction (DLE) system to date, with a 10,000+ barrel-per-day operational capacity. Internal Nuclear Magnetic Resonance (NMR) testing has confirmed the high recovery rates, validating previous third-party verifications.

The company is currently focusing on establishing baseline parameters for automation, evaluating reagent usage, cycle time, and processing metrics. Volt has also initiated lithium stockpiling to build inventory for potential customers, preparing for future commercial demand.

Volt Lithium Corp. (VLTLF) has announced successful continuous operation of its Generation 5 Field Unit in the Permian Basin, Texas, achieving a significant milestone by processing 11,573 barrels during a 24-hour run on February 12, 2025. This throughput exceeded the initial target of 10,000 barrels per day.

The company built and deployed its largest Direct Lithium Extraction (DLE) system in just four weeks, from mid-January to early February. The system's scale required direct field deployment, bypassing testing at Volt's Calgary facility. The company has begun stockpiling lithium and will continue system testing throughout February to determine peak throughput capacity.

Notably, Volt remains unaffected by potential new tariffs on Canadian imports due to its U.S.-based supply chain, Texas operations, and focus on domestic customers.

Volt Lithium Corp. (VLTLF) is advancing towards commercialization of its Direct Lithium Extraction (DLE) technology with the upcoming launch of its Generation 5 Field Unit in Texas by late January 2025. The new modular unit is designed to process 10,000 barrels of oilfield brine per day, marking a significant upgrade from the Generation 4 unit's 2,500-barrel capacity.

All essential equipment, including proprietary lithium extraction compounds and DLE processing modules, has been installed at the partner's facility. The lithium storage facilities are complete and ready to stockpile product for future sales, with operations expected to begin in early February 2025.

The company has appointed Bill McClain as Investor Relations lead and issued 250,000 stock options to staff, exercisable at $0.30 per share until January 2029. Additionally, Volt corrected its November 2024 private placement disclosure, confirming total issuance of 1,559,354 Units for gross proceeds of $483,399.74.

Volt Lithium Corp (VLTLF) has expanded its U.S. operations in the Permian Basin, Texas, scaling up its Generation 4 Field Unit to process 2,500 barrels per day of lithium-infused oilfield brine. The company has completed over 200 operational runs since September 2024, achieving lithium recoveries of up to 98%. A new Generation 5 Field Unit, set for commissioning in January 2025, will increase processing capacity to 10,000 barrels per day.

The company has successfully optimized its DLE system and acid recovery process, maintaining high technical standards verified by third-party testing. Additionally, Volt plans to deploy a fully-funded field unit in North Dakota during the first half of 2025.

Volt Lithium Corp has entered into a field study agreement with Wellspring Hydro to test its proprietary direct lithium extraction (DLE) technology in North Dakota's Bakken formation. The State of North Dakota has provided an initial US$500,000 grant, with potential for an additional US$2,000,000 in early 2025 for equipment and testing.

The Bakken formation generates approximately 2.0 million barrels of lithium-infused oilfield brine daily, making it the second-largest producer of lithium-infused oilfield brine in the U.S. This collaboration adds to Volt's existing operations in Texas's Permian Basin and Alberta's Keg River formation.

Volt Lithium Corp reports significant improvements in its Direct Lithium Extraction (DLE) technology operations in West Texas. The company has reduced processing time to under 30 minutes, a four-fold improvement, with its Generation 3 U.S. Field Unit. This advancement sets the stage for commercial production of 5,000-10,000 barrels per day of brine by end of 2024. The technology maintains 99% lithium extraction rates, with recent results showing 75% extraction within 10 minutes. Dr. John McEwen, PhD Chemistry, has been appointed as Chief Technology Officer to further advance the company's proprietary DLE technology.

Volt Lithium has successfully produced battery-grade lithium carbonate (>99.5% pure) from oilfield brine in the Permian Basin, West Texas. The company has been operating its proprietary Direct Lithium Extraction (DLE) system since September 17, 2024, producing lithium chloride concentrate and building an inventory of high-quality eluate. The three-stage process includes brine treatment, lithium extraction with up to 99% yield, and refinement to battery-grade lithium carbonate. Samples have been created and verified via third-party testing for potential offtake partners. The company will continue producing lithium chloride concentrate and lithium carbonate throughout 2024.