Volt Lithium Announces Successful Production of Battery-Grade Lithium Carbonate at the Company’s Permanent Demonstration Plant in Calgary, Alberta
2024年1月31日 - 9:00PM
Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF)
("
Volt" or the "
Company") is
pleased to announce that the Company has successfully produced
99.5% battery-grade lithium carbonate, a commercial and saleable
lithium product, in-house at Volt’s permanent Demonstration Plant
in Calgary. The Company processed oilfield brine from the Keg River
formation at its Rainbow Lake, Alberta asset to produce lithium
carbonate with its proprietary and proven next-generation direct
lithium extraction (“DLE”) technology. This represents a
significant milestone for Volt as the Company now has the
capability to process oilfield brine and then refine its eluate
into lithium carbonate that meets the specifications required to
produce a saleable battery grade lithium carbonate or lithium
hydroxide.
“I am thrilled to confirm that the Volt team
continues to advance our DLE capabilities at our Demonstration
Plant and showcased our ability to transform oilfield brine into a
commercially saleable grade of lithium carbonate. Bringing the
full-cycle process in-house greatly reduces the cost to produce
lithium carbonate, which is expected to enhance margins and
position Volt as a low-cost operator,” commented Alex Wylie, Volt’s
President & CEO. “We believe oil and gas producers across North
America who are keen to monetize value from their produced water
can benefit from Volt’s fully self-contained, cost-effective and
environmentally sustainable solution to help meet the world’s
growing need for lithium.”
“With Volt’s commitment to innovation and
sustainability, we are excited to continue optimizing our
proprietary DLE technology and very proud to report increasing
success in processing oilfield brine from our initial Rainbow Lake
asset,” added John McEwen, PhD, Vice President R&D and
Technical Services. “Having the Demonstration Plant offers a key
differentiator for Volt relative to our peers, as it enables us to
simulate field operations while testing brines from all over North
America. Having this capability further allows the Company to prove
the broad utility of our DLE technology as we efficiently advance
towards a marketable product.”
Volt’s In-House Lithium Carbonate
Production
Volt’s proprietary DLE technology comprises a
three-stage process to extract lithium from oilfield brine, as
depicted in the accompanying diagram. In Stage One, Volt uses
proven equipment and established processes to treat and purify
oilfield brine. Through recent developments at its Demonstration
Plant, the Company confirmed the ability to effectively remove up
to 99% of contaminants in the preparation of clean brine for the
DLE process. In Stage Two, Volt uses the Company’s proprietary DLE
technology to extract lithium from the brine, which on average
yields up to 98% lithium extraction results to produce eluate. In
the final Stage Three, Volt purifies and concentrates the eluate
which is then refined in-house to a lithium carbonate up to 99.5%
purity, capable of meeting industry specifications for
battery-grade lithium.
Figure 1: Lithium Carbonate crystals
produced at Volt’s Demonstration Plant in Calgary, AB
Figure 2: Volt’s Proprietary DLE
Process
Brine used for the production of lithium
carbonate outlined above was sourced from the 15-1-111-06W6M well
(the “Feedstock Well”) producing from the Keg
River formation at Rainbow Lake, and had an initial lithium
concentration of 34 mg/L. Brine from the Feedstock Well was also
used for DLE processing during Volt’s Pilot conducted in the second
quarter of 2023 and to inform its Preliminary Economic Assessment
in December 2023. Volt processed the brine using its proprietary
DLE technology, at flow rates simulating field pilot operating
conditions. Volt’s DLE process successfully removed 99% of the
impurities, followed by 98% lithium extraction, which resulted in a
high-quality eluate that was converted into a 99.5% pure lithium
carbonate that meets the specifications for producing saleable
battery-grade lithium carbonate or lithium hydroxide.
Qualified Person’s
Statement
Scientific and technical information contained
in this press release has been reviewed and approved by Doug
Ashton, P.Eng, and Meghan Klein, P.Eng of Sproule Associates
Limited, each of whom are qualified persons within the meaning of
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects (“NI 43-101”). Mr. Ashton and Ms. Klein
consent to the inclusion of the data in the form and context in
which it appears.
About Volt
Volt is a lithium development and technology
company aiming to be North America’s first commercial producer 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 a proven and proprietary Direct Lithium
Extraction (“DLE”) technology and process, 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. Investors and/or other interested parties may
sign up for updates about the Company’s continued progress on its
website: https://voltlithium.com/.
Contact Information
For Investor Relations inquiries or further
information, please contact:
Alex Wylie, President & CEOawylie@voltlithium.comM:
+1.403.830.5811
Forward Looking Statements
This news release includes certain
“forward-looking statements” and “forward-looking information”
within the meaning of applicable Canadian securities laws. When
used in this news release, the words “anticipate”, “believe”,
“estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”,
“could”, “schedule” and similar words or expressions, identify
forward-looking statements or information. Statements, other than
statements of historical fact, may constitute forward looking
information and include, without limitation, statements about the
qualification of the FT Units as “flow-through shares” under the
Tax Act, which is subject to the risks set out in the Prospectus
Supplement; the use of proceeds from the Offering and the
Concurrent Private Placement; the ability of the Company to incur
qualified Canadian Exploration Expenses with the gross proceeds of
the sale of the FT Units; the conduct of the Company’s preliminary
economic assessment for the Rainbow Lake project; the Company’s
continued exploration of its mineral properties; and general
business and economic conditions. With respect to the
forward-looking information contained in this news release, the
Company has made numerous assumptions. While the Company considers
these assumptions to be reasonable, these assumptions are
inherently subject to significant uncertainties and contingencies
and may prove to be incorrect. Additionally, there are known and
unknown risk factors which could cause the Company’s actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking information contained herein
including those known risk factors outlined in the Company’s
amended and restated annual information form and the Shelf. All
forward-looking information herein is qualified in its entirety by
this cautionary statement, and the Company disclaims any obligation
to revise or update any such forward-looking information or to
publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future
results, events or developments, except as required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/7b9d33cd-bb1c-4ce1-abd0-1cefac38ca2bhttps://www.globenewswire.com/NewsRoom/AttachmentNg/23125837-4564-40dd-b54f-3b653ae50bad
Volt Lithium (TSXV:VLT)
過去 株価チャート
から 5 2024 まで 6 2024
Volt Lithium (TSXV:VLT)
過去 株価チャート
から 6 2023 まで 6 2024