Volt Announces Successful 24-Hour Run of Generation 5 Field Unit, Reaching Initial 11,573 Barrels Per Day Throughput
13 Fevereiro 2025 - 8:31AM
Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) (“Volt” or
the “Company”) is pleased to announce the successful
24-hour continuous run of its
Generation 5
Field Unit in the Permian Basin, Texas. Constructed
in just four weeks through
close
collaboration with Volt’s partner, this large-scale Direct
Lithium Extraction (DLE) system was
too large for
testing at the Company’s Calgary demonstration facility,
highlighting the advancement in Volt’s design and engineering
capabilities.
Integration with the partner’s operational
specifications enabled seamless installation and
provides a template for future scale-up to meet
expanding production demands. On February 12, the
Generation 5 Field Unit processed 11,573 barrels
during the continuous run—exceeding the initial 10,000
barrels per day milestone—and further demonstrating Volt’s
ability to rapidly commercialize its proprietary DLE
technology.
“During this 24-hour run, our Generation
5 Field Unit processed 11,573 barrels, surpassing the 10,000 bpd
milestone,” said Alex Wylie, President & CEO of Volt.
“We have begun stockpiling lithium, confirming the
commercial viability of our Direct Lithium Extraction technology,
and this success positions us on track for our 2025 goals as the
system is built to process even higher volumes.”
Permian Basin Field Operations:
Generation 5 Launch
- Largest DLE System to
Date: Generation 5 marks the largest system Volt has
constructed, moving directly from modular assembly to full-scale
field operations.
- Fast-Track
Deployment: Project execution began in mid-January, and
the full system was operational within four
weeks—underscoring Volt’s ability to rapidly scale
production.
- Path to Peak
Capacity: Having exceeded the 10,000 bpd threshold, Volt
will continue system testing and optimization throughout February
to determine the Field Unit’s peak throughput
potential.
Tariff Exemption Update
Recent discussions about potential new tariffs
on Canadian imports do not affect Volt. By
sourcing equipment and materials from U.S.-based
suppliers, operating in Texas, and
targeting domestic customers, Volt remains
exempt from these proposed measures. This
strategic approach positions Volt as a low-cost, domestic
operator in the oilfield brine lithium sector bolstering
its commitment to delivering a dependable U.S.-based supply
source.
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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