Volt Lithium Ord Shs Stock Price, News & Analysis

Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF | FSE: I2D) has announced the approval of all resolutions presented at its Annual General and Special Meeting. The key outcomes include:

1. The number of directors is set at five, with Alex Wylie, Martin Scase, Kyle Hookey, Warner Uhl, and Andrew Leslie elected as directors.

2. DeVisser Gray LLP, Chartered Professional Accountants, appointed as the Company's Auditor for the ensuing year.

3. Approval of the existing stock option plan as outlined in the management information circular dated September 2, 2024.

4. Approval of a proposed new omnibus equity incentive plan, subject to TSX Venture Exchange approval.

Volt Lithium has successfully commenced U.S. field operations in the Permian Basin, Texas, achieving first lithium production. The company deployed its proprietary DLE field unit on September 17, 2024, marking a strategic shift from development to production. Volt aims to:

• Scale-up operations to build an inventory of lithium concentrate and carbonate
• Commence cash generation by the end of 2024
• Achieve cash flow positivity in the first half of 2025
• Scale up commercial production to 100,000 barrels per day of brine production during the second half of 2025

Initially, Volt will produce lithium chloride concentrate in the field, with conversion to battery-grade lithium carbonate occurring at its Field Simulation Centre in Calgary, Alberta. Future downstream refining will take place onsite once full-scale operations are achieved.

Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) has announced its upcoming Annual General and Special Meeting, scheduled for September 26, 2024, at 2:00 pm MDT in Calgary. The company also reported the retirement of Mr. Maury Dumba from the Board of Directors, effective September 1, 2024. Lt. General (ret'd) Honourable Andrew Leslie, Chairman of Volt Lithium, expressed gratitude for Mr. Dumba's contributions over the past two years.

Shareholders of record as of August 27, 2024, will receive the Notice of the Meeting, Management Information Circular, and Form of Proxy. These documents will also be available on SEDAR+ and the company's website.

Volt Lithium Corp. (VLTLF) has successfully deployed and installed its first proprietary direct lithium extraction (DLE) field unit in the Permian Basin, Texas. The company has commenced function-testing, paving the way for initial lithium production. Notably, Volt has scaled up the field unit's capacity to process over 200,000 litres (1,250 barrels) of oilfield brine per day, more than doubling its previous capabilities.

This achievement marks a critical milestone in Volt's strategy to become one of North America's first commercial producers of lithium from oilfield brine. The company is on track to commence DLE operations in Q3 2024. Volt's modular field unit design allows for cost-effective and efficient scale-up through various methods, with plans to reach commercial production of 100,000 barrels per day within the next year.

Volt's phased approach, extensive testing, and strategic partnerships position the company to mitigate project execution risk while accelerating the timeline to full-scale commercialization. This strategy also minimizes capital at risk and allows for additional validation of Volt's proprietary DLE technology.

Volt Lithium Corp. (VLTLF) has achieved a significant operational milestone by scaling up its field unit to process 96,000 litres per day of oilfield brine, representing a 100 times increase in processing capacity. The company has maintained lithium recoveries of up to 99% during the scale-up, even with inlet brine concentrations as low as 31 mg/L. This achievement confirms Volt's ability to extract lithium from oilfield brines as it prepares to commence field operations in Q3 2024.

Volt's proprietary Direct Lithium Extraction (DLE) technology has been verified by ALS Canada , an independent third-party. The company has improved its extraction time from 120 to 60 minutes and designed its field unit for continuous 24/7 operation. Volt plans to scale up to full-scale commercial production by the second half of 2025, with an estimated capacity to process 100,000 barrels per day of brine.

Volt Lithium announces its participation in a live webinar hosted by Energy Prospectus Group (EPG) on June 25, 2024. The event will feature Alex Wylie, President & CEO of Volt Lithium, who will provide insights into the company's latest developments. The webinar is scheduled for 10:00 AM MT (9:00 AM PT; 12:00 PM ET) and aims to engage investors and interested parties. Registration details are available through the provided link. Volt Lithium trades under the symbols TSXV: VLT and OTCQB: VLTLF.

Volt Lithium has announced key additions to its team to support its transition to field operations in the Delaware Basin, Texas. The new additions include Dave Kimery as Chief Operating Officer, Derek McFarlane as Production Engineer for U.S. Field Operations, and Greg Foofat as Vice President of Investor Relations. These appointments aim to facilitate the company's expansion beyond its Field Simulation Centre in Calgary to full field operations and eventually commercial operations. Mr. Kimery brings over 25 years of experience in the energy industry, while Mr. McFarlane offers over 30 years in oil and gas field operations. Mr. Foofat will enhance Volt's communication strategies, leveraging his 20 years of experience in capital markets and investor relations. Additionally, Volt has granted 800,000 stock options at $0.25 per share to these new team members and certain consultants, vesting over six months and expiring in June 2028.

Volt Lithium Corp. announces a US$1.5 million strategic investment with an operator in the Delaware Basin in Texas to deploy a field unit producing lithium hydroxide monohydrate using Volt's DLE technology. The investment involves a private placement of 6,818,182 units at US$0.22 per unit, expected to close on May 1, 2024. The proceeds will fund the construction of the field unit and general corporate purposes.