Volt Lithium Partners with Wellspring Hydro to Enhance Lithium Extraction
Support from the North Dakota government has played a pivotal role in advancing clean energy initiatives. With additional funding of US$2,000,000, Volt Lithium Corp. is set to enhance its proprietary direct lithium extraction (DLE) technology. This funding underscores the state's commitment to innovation and sustainable practices in resource management.
Accelerating the Supply Chain for Critical Minerals
Volt Lithium's aggressive timeline for commercialization aims to transform the U.S. supply chain by utilizing locally sourced lithium from existing oilfield infrastructure. This approach not only builds upon established energy resources but also significantly reduces costs associated with lithium production.
Strong Focus on American Innovation
The company's commitment to innovation in the U.S. is reflected in its strategy to harness its expertise in the Permian Basin and Bakken formation. By efficiently integrating these resources, Volt Lithium aims to establish a sustainable pathway for critical minerals production.
Commercial-Scale Production Initiatives
Volt Lithium is thrilled to announce the receipt of a grant that will enable the scale-up and refinement of its DLE technology. This funding complements a successful Field Study Agreement and will be pivotal in advancing commercial operations in the Bakken formation.
Funding for Future Success
The recent grant from North Dakota will facilitate the procurement of essential equipment and necessary testing to validate Volt’s DLE technology for field operations. This initiative is part of a broader national objective to enhance domestic lithium resources and foster energy independence.
Strengthening America's Lithium Supply Chain
Volt Lithium's proactive approach is crucial in supporting U.S. initiatives focused on domestic lithium extraction. By leveraging the existing oil and gas infrastructure, Volt aims to create a seamless transition from hydrocarbon operations to sustainable lithium extraction methods.
Focus on Renewable Energy
The funding awarded by the North Dakota Industrial Commission through various sustainable energy programs reflects the state's dedication to promoting renewable energy sources and supporting local businesses. Volt Lithium aims to utilize this support to enhance operational capabilities and foster innovation within the industry.
About Volt Lithium
Volt Lithium is on a mission to become one of North America’s leading commercial producers of lithium carbonates derived from oilfield brine. By applying management’s extensive hydrocarbon experience and established infrastructure, the company seeks to extract lithium economically and efficiently, thus reducing capital expenditure and associated risks.
Contact Information
For investor relations inquiries or further details, you may reach out to:
Alex Wylie, President & CEO
T: +1.403.830.5811
E: info@voltlithium.com
or
Bill McClain, Investor Relations
T: +1.604.773.9423
E: info@voltlithium.com
Frequently Asked Questions
What is Volt Lithium's primary business focus?
Volt Lithium is focused on developing and commercializing lithium extraction technologies, specifically through its direct lithium extraction process.
How much funding did Volt Lithium receive from North Dakota?
Volt Lithium received US$2,000,000 in funding from the State of North Dakota to support its lithium extraction technology initiatives.
What regions are key to Volt Lithium's operations?
The company is actively working in the Permian Basin and Bakken formation, leveraging these regions for lithium extraction.
Why is domestic lithium production important for the U.S.?
Domestic lithium production is crucial for energy independence and reducing reliance on foreign supply chains, especially with the increasing demand for clean energy solutions.
How can investors stay updated on Volt Lithium's progress?
Investors can sign up for updates on Volt Lithium's website to keep informed about the company's ongoing developments and opportunities.
