Aug 29 Luncheon: Volt Lithium

[dan_s]

Volt Lithium's President, Alex Wylie will be making the presentation at our luncheons on Thursday, August 29

Volt is close to producing lithium in the Permian Basin:
> Deployed and installed its first proprietary direct lithium extraction (“DLE”) U.S. field unit (“Field Unit”)
> Commenced function-testing of the Field Unit, paving the way for first lithium production in September
> Scaled-up Field Unit by more than two times to process over 200,000 litres (1,250 barrels) of oilfield brine per day on location in West Texas, USA

CALGARY, Alberta, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF I FSE: I2D) ("Volt" or the "Company") announces the successful deployment, installation and commenced function-testing of its first Field Unit located in the Permian Basin in Texas, paving the way for first lithium production. The Company is also pleased to announce that the Field Unit will be capable of processing over 200,000 litres (1,250 barrels) of oilfield brine per day, representing a two-times scale-up from Volt’s previous processing capabilities of 96,000 litres (600 barrels) per day, as announced in its July 17, 2024, press release.

“Our team is thrilled to share that we have successfully deployed, installed and commenced function-testing of the Field Unit on-site at our strategic partner’s Permian Basin location in West Texas. The introduction of this initial Field Unit marks the achievement of another critical milestone of our strategy to become one of North America’s first commercial producers of lithium from oilfield brine,” commented Alex Wylie, President & CEO of Volt Lithium. “Volt has reached a critical inflection point with this achievement and is well positioned to commence DLE operations in the field during Q3 2024, which aligns with our previous guidance. We look forward to providing updates as we continue to progress.”

U.S. Field Unit and Future Commercial Operations

Volt deployed and completed installation of its Field Unit in the Permian Basin in August, 2024, which represents a 1:83 scale to future commercial production. Following the installation, the Company commenced function-testing of the Field Unit, positioning Volt on a clear path to full-scale commercialization in the near-term.

Building on the success of Volt’s previous scale-up efforts at its field simulation center in Calgary, Alberta (the “Field Simulation Centre”), the Company developed this next generation Field Unit, capable of processing in excess of 200,000 litres (1,250 barrels) per day of oilfield brine. Volt’s Field Unit is modular and provides the Company with the ability to cost-effectively and efficiently scale-up further to process commercial levels of brine through the following methods:

a) Adding modules to increase processing capacity;

b) Reducing lithium extraction time to increase volumes; and

c) Implementing larger extraction modules.

Based on the detailed historical modelling completed by the Company’s engineering team, Volt will continually scale-up its initial field unit over the next year to achieve commercial production of 100,000 barrels per day, positioning the Company as a near-to-market, low-cost and full-scale commercial producer.

Volt’s business model, strategy and ability to execute provide clear competitive advantages, regardless of the macro business environment. Volt’s phased scale-up approach, extensive testing at its Field Simulation Centre and strategic investment partnership, as well as its low operating cost model, positions the Company to mitigate project execution risk while accelerating the timeline to full-scale commercialization. In addition, this approach minimizes Volt’s capital at risk and allows for additional validation of the Company’s proprietary DLE technology prior to full-scale commercialization.

[dan_s]

I just finished going through Volt's presentation.

Bottomline in the Permian Basin:
Anticipated deployment of Volt’s first field unit in Q3 2024
> Unit to produce lithium hydroxide monohydrate in-house
> Strategic Investment of US$1.5 million by a major Permian Basin (Delaware Basin) operator
> Proceeds from the investment will be used to build and deploy Volt’s field unit at one of the operator’s facilities in the Permian Basin (Delaware Basin), and for general corporate purposes

2025: If the field unit is successful the next step is the first full scale-commercial unit expected to be capable of processing 100,000 bbls/d of brine, with estimated capital expenditures of US$20 million, positioning Volt as a near-to market, low-cost and full-scale commercial producer. Volt believes the first commercial plant should be online in 2025 and should generate between $16.8 to $29.7US million of operating cash flow per year.

Potential in the Permian Basin today: Production of approximately 19 million bbls/d of lithium infused brine. Volt believes that they can get 2 million bbls/day of this business.