Volt Lithium Scales-Up U.S. Subject Operations in Texas, Paving Manner for Vital Progress in 2025

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• Technology 4 Subject Unit system scaled-up capability to 2,500 barrels per day (480,000 litres per day) of lithium-infused oilfield brine represents considered one of business’s largest operational direct lithium extraction (“DLE”) subject models up to now
• Technology 5 Subject 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 subject 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”) know-how for processing oilfield brines. The Firm has scaled-up its U.S. subject 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 subject since commencing operations and attaining first lithium manufacturing in September 2024.

“The Permian Basin is globally vital, 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 america,” commented Alex Wylie, President & CEO of Volt. “With the scaling-up of our subject operations, we proceed to speed up the Firm’s trajectory for progress to changing into a major North American lithium producer.”

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“The expertise gained within the subject by means of 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 subject operations to considerably optimize Volt’s subsequent technology system (“Technology 5”) that may produce as much as 10,000 barrels of oilfield brine per day.”

Permian Basin Subject Operations Replace: Continued Subject Unit Optimization

Volt’s U.S. Subject Unit (“Subject Unit”) is modular, offering the flexibleness for continued optimization. Since commencing subject operations in September 2024, Volt has centered on accumulating technical knowledge to repeatedly optimize its Subject Unit. The operations group has accomplished over 200 runs of the Technology 3 and 4 Subject Models at our Strategic Accomplice’s web site within the Permian Basin in Texas up to now. The Technology 5 Subject 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 vital constructing blocks to Volt’s scale-up course of within the subject. The system modifications made by the operations group have been included into the Technology 5 Subject Unit system, embrace the next:

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• DLE System Optimization: Design modifications to Volt’s DLE system to boost drainage, permitting for elevated every day processing capability; and
• Acid Restoration Refinement: Modifications to the acid restoration section have efficiently elevated the focus of lithium within the lithium chloride eluate, whereas additionally lowering cycle occasions. Volt’s technical group is devoted to additional refining the acid restoration course of to maximise lithium focus and extraction effectivity. This ongoing optimization is predicted to boost the general financial efficiency of Volt’s Technology 5 Subject Unit.

By way of 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 list 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 evaluation for potential offtake companions. Volt will proceed to provide lithium chloride focus, in addition to technical-grade and battery-grade lithium carbonate within the subject.

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Permian Basin Brine Manufacturing

The brine manufacturing from the Permian Basin at present is roughly 19 million bbls/d, representing an estimated potential of 325,000 tonnes each year of lithium carbonate manufacturing. Assuming common economics from lithium extraction, sensitivities are as follows at potential manufacturing ranges and lithium concentrations ^1,2.

North Dakota Subject Unit Replace

Volt has utilized the funding from the State of North Dakota to buy the tools for the North Dakota subject unit. The sphere unit is absolutely funded and the Firm expects to deploy the North Dakota subject unit throughout the first half of 2025. Volt and Wellspring will apply for a further US$2.0 million of funding for the sector research from the State of North Dakota in early 2025. Volt won’t require any new financing for the sector unit in North Dakota.

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Certified Particular person’s Assertion

Scientific and technical info contained on this press launch has been reviewed and accepted 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 information within the kind and context by which it seems.

About Volt

Volt is a lithium growth and know-how firm aiming to be considered one of North America’s first industrial producers of lithium from oilfield brine. Our technique is to generate worth for shareholders by leveraging administration’s hydrocarbon expertise and current infrastructure to extract lithium deposits from current wells, thereby lowering capital prices, decreasing dangers and supporting the world’s clear vitality transition. With 4 differentiating pillars, and a proprietary Direct Lithium Extraction (“DLE”) know-how and course of, Volt’s revolutionary method 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 centered on creating long-term, sustainable shareholder worth. Buyers and/or different events could join updates in regards to the Firm’s continued progress on its web site: https://voltlithium.com/.

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Contact Data

For Investor Relations inquiries or additional info, 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 Wanting Statements

This information launch consists of sure “forward-looking statements” and “forward-looking info” throughout the which means of relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “imagine”, “estimate”, “count on”, “goal”, “plan”, “forecast”, “could”, “will”, “would”, “might”, “schedule” and comparable phrases or expressions, determine forward-looking statements or info. Statements, apart from statements of historic truth, could represent forward-looking info and embrace, with out limitation, info 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 industrial manufacturing of lithium from oilfield brine. With respect to the forward-looking info 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 vital uncertainties and contingencies and should 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 info contained herein together with these recognized danger components outlined within the Firm’s annual info kind for the yr ended June 30, 2024 and (closing) quick kind base shelf prospectus dated July 20, 2023. All forward-looking info herein is certified in its entirety by this cautionary assertion, and the Firm disclaims any obligation to revise or replace any such forward-looking info or to publicly announce the results of any revisions to any of the forward-looking info contained herein to replicate future outcomes, occasions or developments, besides as required by regulation.

Neither the TSX Enterprise Trade nor its Regulation Companies 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 Based mostly upon Volt’s preliminary estimates processing brine at lithium concentrations from the Permian Basin.
³ Working money movement is calculated as income much less working prices and doesn’t embrace taxes or royalties.

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