Houston Luncheon on August 29

[dan_s]

Alex Wylie, Volt Lithium's CEO will be speaking at our luncheon on August 29.

For this luncheon we are back at The Ballroom at Tanglewood, 5430 Westheimer Road (site of the old Hess Club).

On July 17th Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) announced the achievement of another pivotal milestone on the path to commercializing its proprietary and proven next-generation Direct Lithium Extraction (“DLE”) technology for processing oilfield brines. The Company has scaled-up production capacity to 96,0001 litres per day (equivalent to 600 barrels per day (“bbls”) and (“bbls/d”)) representing a 100 times scale-up in its processing capabilities. Following the strategic investment from its U.S. partner which closed on May 2, 2024, Volt has scaled-up operations at its field simulation centre in Calgary, Alberta (the “Field Simulation Centre”) in order to build this first field unit for deployment in Q3 2024.

“The Permian basin currently produces 19 million barrels of lithium infused brine per day, making it one of the largest potential sources of lithium in the United States,” commented Alex Wylie, President & CEO of Volt. “With the scaling-up of our Field Simulation Centre, we have accelerated the Company’s trajectory to becoming a significant North American lithium producer.”

“Volt is on a clear path to become a low-cost commercial producer of battery-grade lithium from oilfield brines in North America,” added Dave Kimery, COO of Volt. “The Volt engineering and operational teams continue to scale-up production capacity for our proprietary DLE technology. As demand for high-quality, domestically supplied lithium continues to grow, Volt’s latest achievement positions us to help meet North America’s expanding demand for this critical mineral, and to do so in a safe, environmentally sustainable and lower-impact manner.”

Volt’s Permian Basin Strategy

Volt has identified the Permian Basin as a key area to commence Company operations. Today, the Permian Basin produces 19 million barrels of lithium infused oilfield brine each day, making it the single largest producer of oilfield brine in North America. The Permian also has the necessary infrastructure in place to allow Volt to commence operations without incurring capital costs to: 1) drill wells; 2) build associated infrastructure to manage water production; 3) create pipeline networks to transport water to a production facility; and 4) manage the overall subsurface reservoir.

Volt’s strategy of partnering with existing producers is expected to allow the Company to achieve meaningful cash flow and production growth much sooner than if operating independently. Further, operating in the Permian will also allow Volt to commence commercial operations much sooner than would otherwise be the case, with substantially lower costs and no exploration risks.