LibertyStream Infrastructure Partners Inc. develops direct lithium extraction technology for producing lithium carbonate from oilfield brine. Company news centers on its proprietary DLE platform, lithium carbonate refining systems, field operations in Texas, and integration with existing oil and gas water infrastructure.
Recurring updates include Gen 6 platform improvements, production from the Howard County, Texas facility at Select Water Solutions, customer qualification and purchase-order activity, financing for technology development and scale-up, and governance or corporate-structure actions such as the completed Texas incorporation.
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.
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