Volt Lithium Completes Final Phase of Strategic Fundraising

Volt Lithium Concludes Successful Final Placement

Volt Lithium Corp. (TSXV: VLT) has officially wrapped up the second tranche of its non-brokered private placement, showcasing its commitment to growth and innovation in the lithium extraction sector. This significant step represents a total issuance of 430,645 units at a price of $0.31 each, culminating in approximately $134,000 in gross proceeds. When combined with the earlier tranche, the total funds raised reach around $483,000 through 1,559,254 units, reinforcing Volt's strong financial footing.

Understanding the Unit Structure

Each unit consists of one common share and half of a common share purchase warrant, the latter giving investors the opportunity to purchase additional shares at an exercise price of $0.44 within a two-year timeframe. This strategic arrangement is designed to provide both immediate capital and long-term growth potential, demonstrating Volt's innovative approach to stakeholder engagement.

Utilizing Proceeds for Innovative Advancements

The funds generated from this placement are earmarked for several key initiatives. Volt intends to invest in its groundbreaking direct lithium extraction technology, aimed at improving operational efficiencies. Moreover, the company plans to continue scaling up its operations in the Delaware Basin in Texas, tapping into the growing lithium market. This forward-thinking strategy not only supports the company’s operational goals but aligns with the global shift towards renewable and clean energy resources.

About Volt Lithium

Volt Lithium is on a mission to establish itself as a leader in the North American lithium space. It aims to become one of the first commercial producers of lithium carbonates and hydroxide derived from oilfield brine. The company leverages its team's extensive hydrocarbon experience and existing infrastructure to facilitate lithium extraction from current wells. This approach reduces both capital costs and risks while contributing to the worldwide transition to clean energy. With its proprietary Direct Lithium Extraction (DLE) technology, Volt is focused on achieving the highest lithium recoveries at the lowest costs.

Commitment to Sustainability

Volt Lithium places a strong emphasis on sustainable practices throughout all areas of its operations. The company is dedicated to transparency and efficiency, continuously striving to enhance shareholder value over the long term. Investors seeking an update on Volt's progress can sign up for news on the company's official website.

Investor Relations

For those interested in learning more about Volt Lithium or engaging with company representatives, various contact avenues are available. Alex Wylie, President & CEO, and Greg Foofat, Vice President of Investor Relations, are both approachable for inquiries regarding investments and corporate strategy.

Frequently Asked Questions

What is the purpose of the private placement?

The private placement aims to raise funds to enhance Volt’s direct lithium extraction technology and expand its operations in Texas.

What are the key benefits of the Units offered?

Each Unit provides investors with a common share and a warrant to buy additional common shares, which can lead to future financial gains.

How does Volt Lithium plan to utilize the funds raised?

Funds will be directed towards technology development, scaling up operations, and supporting general working capital needs.

What differentiates Volt Lithium in the lithium market?

Volt aims to be a frontrunner in sustainable lithium production using innovative DLE technology, which promises higher recovery rates at reduced costs.

Who can I contact for more information about Volt Lithium?

Investors can reach out to Alex Wylie or Greg Foofat through the provided contact information for inquiries regarding the company.

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