VANCOUVER, British Columbia, June 20, 2017 (GLOBE NEWSWIRE) -- Volt Energy Corp. (“VOLT” or the “Company”) (TSXV:VOLT) (Frankfurt:A1S.F) (OTC:ABETF) is pleased to announce the commencement of a reconnaissance program aimed at identifying and securing high priority Vanadium assets in Central Asia. Historically, Central Asia has been host to various strategic deposits of Vanadium. Specifically, Vanadium has been found in Kyrgyzstan in the Tien Shan mountain ranges and in Kazakhstan where it was mined during the Soviet era. Vanadium is a strategic mineral for which demand has been rising sharply as it is increasingly being used in battery and grid storage applications for a variety of companies such as TESLA and Apple. VOLT believes that adding select Vanadium assets to its portfolio of recently acquired Cobalt and Lithium projects will further enhance its energy metals strategy.
To spearhead the identification of prospective Vanadium assets in Central Asia for the purpose of acquisition and development by VOLT, the Company is pleased to announce that it has hired Mrs. Svetlana Moldokulova, a Kyrgyzstan based Professional Engineer who has extensive contacts in Central Asia, specifically in Kazakhstan, Uzbekistan and Kyrgyzstan. She is a seasoned professional with over 25 years of experience in her field. Svetlana has held senior leadership positions within the Kyrgyzstan Government Ministry and has been working successfully in the private sector for the past 15 years. The Vanadium reconnaissance program is currently underway with potential target licenses initially being investigated in Kyrgyzstan and Kazakhstan.
“As VOLT continues the diversification strategy of its energy portfolio to include energy metals, management believes that gaining exposure to Vanadium is important as it has been gaining momentum as an important element in battery storage. Vanadium has been demonstrated as a highly suitable candidate for rechargeable flow batteries which undergo different oxidation states,” stated Lew Dillman, CEO of VOLT Energy. He continued, “As the market continues to seek the most efficient storage and resupply solutions for the renewable energy space, VOLT plans to build a robust and diversified portfolio of energy options to meet the needs of the ongoing energy revolution.”
About the Company Volt Energy Corp. is an energy company that currently has stable oil production through operations in southeastern Saskatchewan. The Company is focused on adding, creating and increasing value through the acquisition, development and production of conventional oil and gas assets as well as alternative energy sources such as cobalt and lithium, particularly in North America.
For additional information on Volt Energy Corp., contact David Parry at 604 889 2188.
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Cautionary Statements regarding Forward-Looking Information: Certain statements contained in this press release constitute forward-looking information as defined by law including without limitation Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). These forward-looking statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements including, without limitation, statements relating to the potential mineralization and geological merits of the Company’s properties and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current or future exploration activities, fluctuating commodity prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
