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Revealed Nov 05, 2024 • 7 minute learn
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- Direct lithium extraction (“DLE”) processing time diminished four-fold to underneath half-hour at its Era 3 U.S. Subject Unit setting the stage for steady automated business manufacturing by the top of 2024
- Era 3 U.S. Subject Unit permits a rise of throughput capability whereas decreasing future capital necessities
- Business veteran and Volt Advisory Board Member Dr. John McEwen, PhD Chemistry, appointed as Chief Expertise Officer
CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) — Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF I FSE: I2D) (“Volt” or the “Firm“) pronounces that the corporate has considerably improved the working capability of its proprietary and confirmed next-generation Direct Lithium Extraction (“DLE”) expertise for processing oilfield brines within the Delaware Basin in West Texas, USA (a sub-basin of the Permian Basin), enabling a rise of throughput capability whereas decreasing future capital necessities.
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Volt’s U.S. Subject Unit (“Subject Unit”) is modular, offering the flexibleness for continued optimization, modifications and course of enhancements. Via the set up of Volt’s Era 3 tools at its Subject Unit within the Delaware Basin in West Texas, USA, current direct lithium extraction cycle instances have been persistently lower than half-hour, representing a 4 instances enchancment in working capabilities, setting the stage for business manufacturing within the vary of 5,000 to 10,000 barrels per day (“bbls/d”) of brine manufacturing by the top of 2024. Volt and its Strategic Associate will regularly scale-up its Subject Unit, positioning the Firm as a low-cost and full-scale business producer.
“We have now efficiently transitioned the Era 3 System from Volt’s Simulation Centre in Calgary to the sphere in Texas, paving the way in which for Volt to start business operations by the top of 2024”, commented Alex Wylie, President & CEO of Volt Lithium. “The success within the discipline up to now will enable Volt and our Strategic Associate to considerably scale-up operations in 2025 and past.”
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U.S. Subject Operations Replace: Continued Optimization of Proprietary DLE Expertise
The Firm is happy to announce that on account of technical developments and optimization from its Era 3 tools, it has considerably improved its processing extraction time from oilfield brine to underneath half-hour whereas sustaining the technical requirements of 99% lithium extraction charges. As well as, most up-to-date ends in the sphere have demonstrated as much as 75% lithium extraction charges inside a ten minute lithium extraction cycle time. The improved cycle instances will enable Volt to considerably improve throughput capability in its operations within the Delaware Basin in Texas.
In collaboration with our Strategic Associate’s engineering, building and technical groups, the Firm will proceed to enhance operational processes for our proprietary DLE expertise that we consider will actually drive business success for the Firm into 2025 and past. The Firm will proceed to cost-effectively and effectively scale-up additional to course of business ranges of brine by way of: 1) Including modules to extend processing capability; 2) Decreasing lithium extraction time to extend volumes; and three) Implementing bigger extraction modules.
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As Volt’s DLE course of can efficiently obtain speedy lithium extraction charges, the Firm can cost-effectively generate a high-quality eluate of lithium chloride (lithium chloride focus), in addition to battery-grade lithium carbonate or battery-grade lithium hydroxide monohydrate. The Firm’s phased scale-up method, coupled with in depth testing at its Subject Simulation Centre mitigates mission execution threat and accelerates timeline to full-scale commercialization. This plan minimizes capital in danger and permits for validation of Volt’s proprietary DLE expertise previous to full-scale commercialization.
The brine manufacturing from the Permian Basin at this time is roughly 19 million bbls/d, representing an estimated potential of 325,000 tonnes every year of lithium carbonate manufacturing1. Assuming common economics from lithium extraction, sensitivities are as follows at potential manufacturing ranges and lithium concentrations 2,3 and have been adjusted to replicate lithium carbonate manufacturing, versus lithium hydroxide monohydrate manufacturing.
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| Brine Manufacturing per day (bbls) |
Lithium Carbonate Produced per annum (tonnes) (31 mg/L) |
Working Money Move4 every year (31 mg/L) ($US) |
Lithium Carbonate Manufacturing per annum (tonnes) (55 mg/L) |
Working Money Move4 every year (55 mg/L) ($US) |
| 100,000 | 900 | 14,500,000 | 1,600 | 27,600,000 |
| 500,000 | 4,500 | 72,300,000 | 8,000 | 137,800,000 |
| 1,000,000 | 9,000 | 145,000,000 | 16,000 | 275,700,000 |
| 2,000,000 | 18,000 | 289,000,000 | 32,000 | 551,400,000 |
Appointment of Business Veteran Dr. John McEwen as Chief Expertise Officer
Volt is happy to announce the appointment of Dr. John McEwen, PhD Chemistry, as Chief Expertise Officer of the Firm. Dr. McEwen has over 30 years of business expertise in technical companies and analysis and growth. Since 2018, Dr. McEwen has been Director, Technical Providers, for Sterling Chemical substances and has been an Advisory Board Member of Volt since 2022.
“John has been instrumental within the growth of our confirmed proprietary direct lithium extraction expertise and course of because the inception of the Firm,” commented Alex Wylie, President & CEO of Volt Lithium. “His in depth specialised expertise will proceed to be a welcomed profit for the Firm and can proceed the development of our proprietary DLE expertise and processes. By formalizing John’s position at Volt, the Firm continues to strengthen its mental property across the extraction expertise and course of and aligns the Volt crew for its deliberate 2025 scale-up of operations.”
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Certified Particular person’s Assertion
Scientific and technical data contained on this press launch has been reviewed and accredited by Doug Ashton, P.Eng, and Meghan Klein, P.Eng of Sproule Associates Restricted, every of whom are certified individuals throughout the that means of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101”). Mr. Ashton and Ms. Klein consent to the inclusion of the info within the type and context wherein it seems.
About Volt
Volt is a lithium growth and expertise firm aiming to be one among North America’s first business producers of lithium carbonates and lithium hydroxide from oilfield brine. Our technique is to generate worth for shareholders by leveraging administration’s hydrocarbon expertise and present infrastructure to extract lithium deposits from present wells, thereby decreasing capital prices, reducing dangers and supporting the world’s clear power transition. With 4 differentiating pillars, and a proprietary Direct Lithium Extraction (“DLE”) expertise and course of, Volt’s revolutionary method to growth is targeted on permitting the best lithium recoveries with lowest prices, positioning us for future commercialization. We’re dedicated to working effectively and with transparency throughout all areas of the enterprise staying sharply targeted on creating long-term, sustainable shareholder worth. Traders and/or different events might join updates concerning the Firm’s continued progress on its web site: https://voltlithium.com/.
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Contact Info
For Investor Relations inquiries or additional data, please contact:
Alex Wylie, President & CEO
T: +1.403.830.5811
E: data@voltlithium.com
Or
Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213
E: data@voltlithium.com
Ahead Wanting Statements
This information launch consists of sure “forward-looking statements” and “forward-looking data” throughout the that means of relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “consider”, “estimate”, “anticipate”, “goal”, “plan”, “forecast”, “might”, “will”, “would”, “might”, “schedule” and related phrases or expressions, establish forward-looking statements or data. Statements, apart from statements of historic reality, might represent forward-looking data and embody, with out limitation, data with respect to the phrases of the operational milestone, Quantity Scale-up. Extraction Time Enhancements and Steady Processing vs Batch Processing, the deployment of the Subject Unit within the Permian Basin, the manufacturing of battery grade lithium by the Subject Unit, and the business manufacturing of lithium from oilfield brine. With respect to the forward-looking data contained on this press launch, the Firm has made quite a few assumptions. Whereas the Firm considers these assumptions to be cheap, these assumptions are inherently topic to important uncertainties and contingencies and will show to be incorrect. Moreover, there are recognized and unknown threat components which might trigger the Firm’s precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data contained herein together with these recognized threat components outlined within the Firm’s annual data type dated February 29, 2024 and (last) brief type base shelf prospectus dated July 20, 2023. All forward-looking data herein is certified in its entirety by this cautionary assertion, and the Firm disclaims any obligation to revise or replace any such forward-looking data or to publicly announce the results of any revisions to any of the forward-looking data contained herein to replicate future outcomes, occasions or developments, besides as required by regulation.
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Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this press launch.
1 Assumes 55 mg/L lithium focus.
2 Assumes pricing of US$20,000/tonne lithium carbonate and a 30 minute cycle time.
3 Primarily based upon Volt’s preliminary estimates processing brine at lithium concentrations just like the Permian Basin.
4 Working money move is calculated as income much less working prices and doesn’t embody taxes or royalties using the corporate’s inner financial mannequin.
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