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Revealed Dec 18, 2024 • 6 minute learn
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- Era 4 Area Unit system scaled-up capability to 2,500 barrels per day (480,000 litres per day) of lithium-infused oilfield brine represents one in all business’s largest operational direct lithium extraction (“DLE”) discipline models up to now
- Era 5 Area Unit to be commissioned throughout January 2025 to course of as much as 10,000 barrels per day (1.9 million litres per day)
- Lithium recoveries of as much as 98% achieved throughout discipline scale-up, with inlet brine concentrations as little as 25 mg/L
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CALGARY, Alberta, Dec. 18, 2024 (GLOBE NEWSWIRE) — Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF) (“Volt” or the “Firm“) is happy to announce the achievement of one other pivotal milestone on the trail to commercializing its proprietary and confirmed next-generation Direct Lithium Extraction (“DLE”) expertise for processing oilfield brines. The Firm has scaled-up its U.S. discipline operations to course of over 2,500 barrels per day (“bbls/d”) (equal to 480,000 litres per day) from the Permian Basin in Texas. Moreover, Volt has accomplished over 200 operational runs within the discipline since commencing operations and attaining first lithium manufacturing in September 2024.
“The Permian Basin is globally important, at the moment producing roughly 19 million barrels of lithium-infused brine per day, making it one of many largest potential sources of lithium in the US,” commented Alex Wylie, President & CEO of Volt. “With the scaling-up of our discipline operations, we proceed to speed up the Firm’s trajectory for progress to turning into a big North American lithium producer.”
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“The expertise gained within the discipline by Volt’s first 200 operational runs has been invaluable,” added John McEwen, CTO of Volt. “The Volt engineering and operational groups have leveraged the technical knowledge acquired from discipline operations to considerably optimize Volt’s subsequent era system (“Era 5”) that can produce as much as 10,000 barrels of oilfield brine per day.”
Permian Basin Area Operations Replace: Continued Area Unit Optimization
Volt’s U.S. Area Unit (“Area Unit”) is modular, offering the flexibleness for continued optimization. Since commencing discipline operations in September 2024, Volt has targeted on accumulating technical knowledge to constantly optimize its Area Unit. The operations workforce has accomplished over 200 runs of the Era 3 and 4 Area Items at our Strategic Associate’s web site within the Permian Basin in Texas up to now. The Era 5 Area Unit will probably be commissioned in late January 2025 to course of as much as 10,000 bbls/d (1.9 million litres per day).
The technical and operational knowledge and enhancements have been important constructing blocks to Volt’s scale-up course of within the discipline. The system modifications made by the operations workforce have been included into the Era 5 Area Unit system, embrace the next:
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- DLE System Optimization: Design modifications to Volt’s DLE system to reinforce drainage, permitting for elevated each day processing capability; and
- Acid Restoration Refinement: Modifications to the acid restoration part have efficiently elevated the focus of lithium within the lithium chloride eluate, whereas additionally reducing cycle instances. Volt’s technical workforce is devoted to additional refining the acid restoration course of to maximise lithium focus and extraction effectivity. This ongoing optimization is anticipated to reinforce the general financial efficiency of Volt’s Era 5 Area Unit.
By the scale-up of Volt’s manufacturing capability, the technical requirements of attaining as much as 98% lithium extraction have been maintained and verified by an impartial third-party.
Since October 2024, Volt’s proprietary DLE course of has efficiently constructed up a listing of high-quality eluate that’s being transformed right into a 99.5% pure battery-grade lithium carbonate. Samples of lithium carbonate have been created and verified through third-party testing for assessment for potential offtake companions. Volt will proceed to provide lithium chloride focus, in addition to technical-grade and battery-grade lithium carbonate within the discipline.
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Permian Basin Brine Manufacturing
The brine manufacturing from the Permian Basin as we speak is roughly 19 million bbls/d, representing an estimated potential of 325,000 tonnes every year of lithium carbonate manufacturing. Assuming common economics from lithium extraction, sensitivities are as follows at potential manufacturing ranges and lithium concentrations 1,2.
| Brine Manufacturing per day (bbls) |
Lithium Carbonate Manufacturing per annum (tonnes) (31 mg/L) |
Working Money Stream3 every year (31 mg/L) ($US) |
Lithium Carbonate Manufacturing per annum (tonnes) (55 mg/L) |
Working Money Stream3 every year (55 mg/L) ($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 | ||
North Dakota Area Unit Replace
Volt has utilized the funding from the State of North Dakota to buy the gear for the North Dakota discipline unit. The sector unit is absolutely funded and the Firm expects to deploy the North Dakota discipline unit throughout the first half of 2025. Volt and Wellspring will apply for a further US$2.0 million of funding for the sphere examine from the State of North Dakota in early 2025. Volt is not going to require any new financing for the sphere unit in North Dakota.
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Certified Individual’s Assertion
Scientific and technical data contained on this press launch has been reviewed and authorised by Doug Ashton, P.Eng, and Meghan Klein, P.Eng of Sproule Associates Restricted, every of whom are certified individuals throughout the which 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 kind and context during which it seems.
About Volt
Volt is a lithium growth and expertise firm aiming to be one in all North America’s first business producers of lithium 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, decreasing dangers and supporting the world’s clear vitality transition. With 4 differentiating pillars, and a proprietary Direct Lithium Extraction (“DLE”) expertise and course of, Volt’s progressive strategy to growth is concentrated on permitting the very best lithium recoveries with lowest prices, positioning us effectively 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. Buyers and/or different events might join updates in regards to 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
Or
Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213
E: data@voltlithium.com
Ahead Trying Statements
This information launch contains sure “forward-looking statements” and “forward-looking data” throughout the which means of relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “consider”, “estimate”, “count on”, “goal”, “plan”, “forecast”, “might”, “will”, “would”, “might”, “schedule” and comparable phrases or expressions, determine forward-looking statements or data. Statements, apart from statements of historic reality, might represent forward-looking data and embrace, 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 Area Unit within the Permian Basin, the manufacturing of battery grade lithium by the Area 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 danger components which might trigger the Firm’s precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data contained herein together with these recognized danger components outlined within the Firm’s annual data kind for the yr ended June 30, 2024 and (closing) quick kind 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 mirror future outcomes, occasions or developments, besides as required by regulation.
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this press launch.
1 Assumes pricing of US$20,000/tonne lithium carbonate.
2 Primarily based upon Volt’s preliminary estimates processing brine at lithium concentrations from the Permian Basin.
3 Working money move is calculated as income much less working prices and doesn’t embrace taxes or royalties.
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