Today's Luncheon in Houston

[dan_s]

You can all view the slides that Alex Wylie, the President of Volt Lithium, and I spoke from today on the EPG website. I only spent 15 minutes on the Global Oil Market, which is much tighter than most people realize.

Volt Lithium is in a joint venture with one of the largest operating companies in the Permian Basin. The joint venture will soon be selling lithium produced from oilfield brine water, with first revenues in Q1 2025. The economics on the project look very good and Alex expects the joint venture to ramp up quickly in 2025 to a commercial operation processing over 100,000 bbls per day of oilfield brine water and over 1,200 tons of lithium per year. Annual operating cash flow for the joint venture should be over $22US million, which is more than the capital needed to build a facility of that size.

The upstream company that Volt is partners with produces over 2,000,000 barrels per day of oilfield brine water just from the Permian Basin that has recoverable lithium in it. If the initial joint venture is successful, they can expand quickly expand the processing facilities.