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Volt Lithium Successfully Closes Second and Final Tranche of Non-Brokered Private Placement

Nov 29, 2024•over 1 year ago

Contract Type

partnership

CalgaryOther

Description

Volt Lithium Corp. has successfully completed the second and final tranche of its non-brokered private placement of units, generating approximately $483,000 in aggregate gross proceeds. The funds will be used to develop direct lithium extraction technology, continue scaling up operations in the Delaware Basin, and for general working capital and corporate purposes.

Company Information

Company

Volt Lithium

Location

639 5 AV. SW, SUITE 1925

Calgary, Alberta, Canada

About

Volt Lithium Corp. is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium hydroxide and lithium carbonates from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience and existing infrastructure to extract lithium deposits from existing wells, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. With four differentiating pillars, and a proprietary Direct Lithium Extraction (“DLE”) technology, Volt’s innovative approach to development is focused on allowing the highest lithium recoveries with lowest costs, positioning us well for future commercialization. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months