Volt Lithium Announces Filing of Prospectus Supplement in Respect of $5.4 Million Marketed Public Offering of Units
14 Novembro 2024 - 12:00AM
Volt Lithium Corp. (TSXV: VLT) ("
Volt" or the
"
Company") is pleased to announce that it has
filed its prospectus supplement (the "
Prospectus
Supplement") to the Company's short form base shelf
prospectus dated July 20, 2023 (the "
Shelf"),
which has been filed with the securities commissions and other
similar regulatory authorities in each of the Provinces of Canada,
other than Quebec, in respect of its previously announced upsized
best-efforts marketed public offering (the
"
Offering") of up to 17,500,000 units of the
Company (the "
Units") at a price of $0.31 per Unit
for aggregate gross proceeds to the Company of up to approximately
$5,400,000.
Delivery of the Shelf, the Prospectus
Supplement, and any amendments to the documents will be satisfied
in accordance with the "access equals delivery" provisions of
applicable securities legislation. The Shelf and the Prospectus
Supplement are accessible on the Company's profile on SEDAR+ at
www.sedarplus.ca.
Prospective investors under the Offering should
read the Shelf, the Prospectus Supplement and the documents
incorporated by reference therein before making an investment
decision.
The securities being offered have not been, nor
will they be, registered under the U.S. Securities Act, and may not
be offered or sold in the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registration or an
applicable exemption from the U.S. registration requirements. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale
would be unlawful.
About Volt
Volt is a lithium development and technology
company aiming to be one of North America's first commercial
producers of lithium carbonates and lithium hydroxide 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 its proprietary DLE technology and process, Volt's innovative
approach to development is focused on allowing the highest lithium
recoveries with lowest costs, positioning us 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 E: info@voltlithium.com
Or
Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213 E: 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", "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
securities offered pursuant to the Offering and the Company's
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.
Forward-looking statements or information are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to: the Company's ability to complete
the Offering and/or inability to access sufficient capital on
favourable terms; and the delay or failure to receive regulatory or
other approvals, including, the approval of the TSX Venture
Exchange. Many of these risks and uncertainties and additional risk
factors generally applicable to the Company are described in the
Company's annual information form for the year ended June 30, 2024,
the Shelf and the Prospectus Supplement, which are available under
the Company's profile at www.sedarplus.ca.
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.
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