Volt Lithium Advances as Pioneer in North American Lithium Production
Volt Lithium Sets New Standards in Lithium Production
Volt Lithium Corp. has made significant strides in the lithium production landscape, marking a pivotal moment as it begins its U.S. field operations. This development speaks volumes about the company’s commitment to developing a robust lithium supply in North America.
First Lithium Production: A Milestone Achieved
Recently, Volt Lithium successfully achieved its first lithium production, a feat that cements its position as a leader in direct lithium extraction from North American oilfield brines. With operations based in the Permian Basin in Texas, Volt is poised to not only secure its place in the industry but also contribute significantly to the region's economic landscape.
Leadership Acknowledges Team Efforts
President & CEO Alex Wylie expressed gratitude to the company's strategic partners and dedicated staff for their roles in reaching this landmark achievement. This successful launch marks a strategic transition for Volt as it shifts its focus from development stages to full-scale production.
Pioneering the Direct Lithium Extraction Process
On September 17, Volt Lithium brought its proprietary Direct Lithium Extraction (DLE) U.S. field unit online. This advancement promises to pave the way for full-scale commercialization, tapping into one of the lowest operating cost structures in the entire continent. With well-planned operations, Volt can efficiently scale up its output while maintaining cost-effectiveness.
Field Operations and Optimization
Since launching its DLE system, Volt has been diligently optimizing its field unit performance, successfully producing lithium concentrate that sets the foundation for future commercial ventures. As production ramps up, the company aims to build a substantial inventory of lithium concentrate and lithium carbonate in preparation for commercial sales.
Future Directions: Expectations for 2024-2025
Volt’s outlook for the coming years includes plans not just to increase output but also to ensure a consistent cash flow. Key goals include:
- Continuing lithium concentrate production throughout 2024.
- Scaling up operations to achieve commercial sales by year-end.
- Generating cash by the end of 2024, with a target to become cash flow positive in the first half of 2025.
- Expanding production capacity to reach 100,000 barrels per day of brine in late 2025.
Commitment to Innovation and Value Creation
Volt is not only focused on production but also on innovation in lithium extraction processes. By converting lithium chloride concentrate into battery-grade lithium carbonate at its Field Simulation Centre in Calgary, the company is set to make significant progress as it aims for future onsite refining capabilities.
About Volt Lithium
Volt Lithium Corp. is recognized as a forward-thinking lithium development and technology company uniquely positioned to be among North America’s first major producers of lithium hydroxide and lithium carbonates sourced from oilfield brine. The foundation of its strategy relies on the expertise of its management team and existing infrastructure to minimize costs, reduce risks, and support the transition to cleaner energy sources. With a commitment to sustainability and shareholder value, Volt emphasizes efficient operations and transparency throughout its business segments.
Contact Information
For inquiries regarding Investor Relations or further information about Volt Lithium, please contact:
Alex Wylie, President & CEO
T: +1.403.830.5811
E: info@voltlithium.com
Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213
E: info@voltlithium.com
Frequently Asked Questions
What recent milestone did Volt Lithium achieve?
Volt Lithium successfully achieved its first lithium production from its U.S. field operations.
Where are Volt's field operations based?
Volt's field operations are situated in the Permian Basin in Texas.
What technology does Volt Lithium utilize for lithium extraction?
Volt employs proprietary Direct Lithium Extraction (DLE) technology for efficient lithium recovery.
What is Volt Lithium's cash flow goal for 2024?
The company aims to commence cash generation by the end of 2024 and become cash flow positive in the first half of 2025.
What production goals does Volt have for 2025?
Volt aims to scale up to 100,000 barrels per day of brine production during the second half of 2025.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- SUPCON Showcases Innovative Solutions at KIOGE 2024
- TCL CSOT Showcases Cutting-Edge MicroLED Technology
- Market Movements Ahead: Consumer Spending and Inflation Trends
- Thailand's Pension Fund Allocates $11.6 Billion for Global Assets
- Southwest Airlines Launches Major $2.5 Billion Stock Buyback
- Evaluate Alphabet's Future In AI: Investment Insights
- Multitude P.L.C. Calls for Significant Shareholder Meeting
- Tencent Music Showcases Commitment to Sustainability with ESG
- Vantage Foundation and V&A Solution Create Joyful Learning Event
- Vantage Foundation and V&A Solution Host Enriching Children's Event
Recent Articles
- E3 Lithium Advances Lithium Carbonate Production Efficiency
- Tesla's Cybertruck Launches Deliveries in Mexico First
- TD SYNNEX Prepares for Q3 Earnings: Analyst Insights and Predictions
- Nord Anglia Education Partners with Project Zero for Teacher Development
- Universal Robots Enhances UR20 and UR30 Cobot Payload Capacity
- NEC Enhances AI Reliability with Innovative LLM Technology
- Exploring the Future of Aftermarket Services: Key Insights
- Exploring Innovation: The Future of GaN Power Semiconductors
- ASUS IoT Launches Enhanced Tinker System 3N and Board 3
- NEC Innovations Enhance Large Language Models for Business
- Adyen Launches Innovative Payment Solutions for Businesses
- Yaber's Exciting Launch at Selfridges: A Step into Luxury
- Hecla Emissions Management Launches Groundbreaking Maritime Platform
- Volet.com Expands Crypto Offerings with Dash and More
- Consumer Spending Fuels Economic Growth Amid Challenges
- Investing in Bond ETFs During Falling Interest Rates
- Navigating Market Conditions: What Lies Ahead for S&P 500?
- Investors Await Impact of Recent Chinese Economic Stimulus
- Methanol Market Expected to Surge to $54.5 Billion by 2032
- Exploring the Rise of Zero Friction Coatings and Market Trends
- Innofactor Plc Sees Major Stake Acquisition by Onni Bidco
- Request to Lift Suspension for Investment Fund Under Danske Invest
- Air Liquide's 60 Million Euros Investment to Boost Wanhua
- Market Volatility: Dow Drops 300 Points Amid Mixed Sentiment
- Innovative Steps for Sustainability in Taiwan's Bicycle Industry
- SolaX Achieves ISO/IEC 27001:2022 Certification for Security
- Foreign Investors Adjust Expectations Amid China's Stimulus
- Significant Gains for Australian Stocks with S&P/ASX 200 Rising
- Japanese Stocks Surge as Nikkei 225 Reaches New Heights
- Micron Technology Sees Massive Revenue Surge Amid AI Boom
- Abivax Showcases Groundbreaking Obefazimod Research Advances
- AFL Group Showcases Strong Growth in First Half of 2024
- AKVA Group ASA Simplifies Structure Through Strategic Mergers
- Idavang A/S Calls for Extraordinary General Meeting Announcement
- Analysis of Recent Sales Trends and Market Impact
- Expliseat Launches Revolutionary Lightweight Train Seating
- Elemental Chooses ION's Aspect for Enhanced Trading Operations
- Elon Musk Questions OpenAI's Shift To For-Profit Model
- AB Science Shows Promising AB8939 Results in AML Treatment
- Sodexo Eyes Major Acquisition Opportunity with Aramark
- Treasure Play Transforms User Engagement with AI Features
- China's Journey: Celebrating 75 Years of Peace and Progress
- H&M Revises Earnings Outlook Amid Competitive Fashion Market
- BASF Adjusts Dividend Strategy with New Proposal for 2025
- Nano Dimension's Strategic Moves Propelling Stock Performance
- Virtune AB Expands Its Crypto Offerings into France with ETP
- Breakthrough Insights on AB Science’s AB8939 in AML Research
- Taiwan Stock Market Sees Gains: Key Players Making Waves
- PayPoint plc Confirms Recent Share Buyback Transaction
- Hoffmann Green Partners with Piscines Magiline for Sustainability