Volt Announces Successful Lithium Extraction from Generation 5 Field Unit in the Permian Basin, Texas, Achieving 99% Recoveries
05 Mars 2025 - 2:07PM
Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) (“Volt” or the
“Company”) is pleased to announce the continued success of its
Generation 5 Field Unit in the
Permian
Basin, Texas, where the team has achieved up to 99%
lithium extraction while evaluating and refining key operating
parameters.
“The first 90 system tests have been
critical in understanding the full capabilities of our Generation 5
Field Unit,” commented Alex Wylie, President & CEO of
Volt. “We’re especially pleased that scaling up to a
10,000-barrel-per-day system continues to deliver 99% extraction
results. These insights will guide our next steps toward automating
the unit for greater throughput and cost optimization.”
Permian Basin Field Operations: Generation 5
Update
- Largest
DLE System Deployed:Generation 5 marks Volt’s most
extensive and powerful DLE unit to date, transitioning quickly from
modular assembly to a 10,000+ bpd operational capacity.
-
High-Efficiency Extraction:The Company has
conducted over 90 system tests to date, confirming up to 99%
lithium recovery via internal NMR-based testing,
which aligns with prior third-party validations of Volt’s
extraction technology.
-
Establishing Baseline for Automation:Current
system tests focus on reagent usage, cycle time, and processing
parameters that will inform near-future automation. Once fully
implemented, automation is expected to further enhance throughput,
reduce costs, and streamline continuous production.
- Lithium
Stockpiling Initiated:Volt has begun stockpiling lithium
concentrate in anticipation of commercial demand, creating an
inventory that positions the Company for future customer
engagement.
Volt will continue to refine operating metrics in the coming
weeks, laying a solid foundation for automated, larger-scale
operations.
About Volt
Volt is a lithium development and technology
company aiming to be one of North America’s first commercial
producers of lithium 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 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 &
CEO T:
+1.403.830.5811
or
Bill McClain, Investor RelationsT:
+1.604.773.9423E: info@voltlithium.com
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”, “will”,
“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,
information with respect to the terms of the operational milestone,
Volume Scale-up. Extraction Time Improvements and Continuous
Processing vs Batch Processing, the deployment of the Field Unit in
the Permian Basin, the production of battery grade lithium by the
Field Unit, and the commercial production of lithium from oilfield
brine. With respect to the forward-looking information contained in
this press 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 annual information form for the year
ended June 30, 2024 and (final) short form base shelf prospectus
dated July 20, 2023. 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 press release.
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