Volt Lithium Launches Strategic $5 Million Public Offering

Volt Lithium's Exciting New Offering

Volt Lithium Corp. (TSXV: VLT), a forward-thinking lithium development company, is announcing a noteworthy public offering that seeks to raise up to $5 million. This strategic move comes as Volt aims to advance its lithium initiatives and capitalize on the growing demand for lithium in various sectors.

Details of the Public Offering

The engagement with Canaccord Genuity Corp. signals an important step for Volt as they lead a "best-efforts" marketed offering. This will consist of up to 16,200,000 units, each priced at $0.31. Anticipated to close around the mid of the month, this offering is designed to boost the company's position within the lithium market.

Understanding the Units

Each unit in this offering will include one common share and a warrant, giving investors a unique opportunity. These warrants will enable holders to purchase additional shares at $0.44 within the two years following the offering's completion. This integration of common shares and warrants presents a viable investment strategy for those looking to engage with Volt's growth.

Over-Allotment and Its Implications

In a further strategic move, Volt has provided Canaccord Genuity with an over-allotment option, which could enhance total proceeds to approximately $5.75 million if fully exercised. This option, valid for 30 days post-closing, reinforces Volt's commitment to maximizing investor value while ensuring market stability.

Concurrent Private Placement

In conjunction with the public offering, Volt is also pursuing a concurrent private placement targeting accredited investors, aiming to raise an additional $1.1 million through the sale of roughly 3,550,000 units. This dual strategy aims to leverage investor confidence to expand capital inflow.

Usage of Proceeds

The funds garnered from these offerings are earmarked for significant initiatives. The company plans to enhance its direct lithium extraction technology, a crucial aspect in operating efficiency improvements. Continued operational scale-up in Texas’s Delaware Basin is also on the agenda, alongside general working capital needs.

Investor Engagement and Future Outlook

Volt is committed to transparency, urging prospective investors to familiarize themselves with essential documents like the Shelf and the Prospectus Supplement. These documents provide comprehensive insights into the company’s plans and projected growth, allowing investors to make informed decisions.

About Volt Lithium

Volt Lithium is recognized as a pioneering force in lithium extraction, aspiring to emerge as one of North America's leading producers of lithium products from oilfield brine. With a strong commitment to operational efficiency and a sustainable approach, Volt is focused on leveraging its existing infrastructure for the efficient extraction of lithium. The innovative Direct Lithium Extraction technology positions the company uniquely for commercialization in a rapidly evolving market.

Contact Information

For those interested in learning more about Volt Lithium or engaging with the company regarding investment inquiries, key contacts include:

Alex Wylie, President & CEO
T: +1.403.830.5811
E: info@voltlithium.com

Or

Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213
E: info@voltlithium.com

Frequently Asked Questions

What is the purpose of the Volt Lithium offering?

The offering aims to raise capital to support the development of the company's lithium extraction technology and operational scale-up while improving efficiency.

How many units are being offered in the public offering?

Volt Lithium is offering up to 16,200,000 units at a price of $0.31 each.

What does each unit consist of?

Each unit comprises one common share of the company and one-half of one common share purchase warrant.

Who is leading the marketed offering?

Canaccord Genuity Corp. is the agent leading the public offering on a best-efforts basis.

What are the expected outcomes of the fundraising efforts?

The company anticipates utilizing the proceeds to enhance its lithium extraction capabilities while maintaining financial operational flexibility for future needs.

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