Volt Lithium's Public Offering Reaches New Heights with $5.4M

Volt Lithium Announces Upsized Public Offering

Volt Lithium Corp. (TSXV: VLT) is thrilled to share the news of an upscaled public offering of units, creating a significant opportunity for investors and stakeholders. The company has negotiated an amendment with Canaccord Genuity Corp., increasing the scale of the public offering to 17,500,000 units at an offering price of $0.31 per unit. This move positions Volt Lithium to potentially raise gross proceeds of up to $5.4 million, a substantial step in its ongoing commitment to lithium production and development.

Understanding the Details of the Offering

The revised offering maintains the previously outlined terms but expands the number of units available to investors. Alongside this public offering, a concurrent private placement is also available, aimed at generating up to $1.1 million. Investors should be aware that a commission of 6% will be applied to the gross proceeds from the public offering, alongside equal broker warrants.

Next Steps in the Offering Process

The expected closing date for this offering is around November 19, though this may vary depending on mutual agreement between the company and the agent. It is a pivotal moment for Volt Lithium as they seek to strengthen their position within the market.

The Nature of the Units Offered

Volt’s Units will be distributed through a prospectus supplement to its shelf prospectus, and efforts are made to ensure compliance with Canadian regulatory authorities. For potential investors, it is crucial to thoroughly review both the shelf and the prospectus supplement prior to making any decisions.

What Investors Should Know

For those considering investing, it’s advisable to stay informed by reviewing Volt’s SEDAR+ profile where these documents will be accessible. The offering is particularly beneficial as Volt Lithium navigates the complexities of the lithium market, strengthening its appeal through innovative strategies.

About Volt Lithium Corp.

Volt Lithium is committed to becoming a leader in lithium production in North America, focusing on sustainable extraction from oilfield brines. The company adopts a strategic approach that combines management's extensive knowledge in hydrocarbons with a dedication to minimizing costs and risks. The patented Direct Lithium Extraction (DLE) technology optimizes lithium yield, positioning Volt for significant growth.

Building Long-Term Value

Volt’s vision centers around not just immediate profitability but also creating sustainable long-term value for shareholders. By capitalizing on existing infrastructure and resources, Volt aims to facilitate the clean energy transition, responding to the growing global demand for lithium.

Investor Communication and Contact

For any inquiries regarding investor relations, Volt Lithium has established contact channels to provide detailed information. Interested parties can reach out to Alex Wylie, President & CEO, at +1.403.830.5811 or Greg Foofat, Vice President of Investor Relations, at +1.587.888.5213. It's a vital opportunity to engage and understand the potential of this outstanding offering.

Frequently Asked Questions

What is the total value of Volt Lithium's public offering?

The total value of the public offering is up to $5.4 million, with 17,500,000 units available at an offering price of $0.31 each.

Who is managing the public offering for Volt Lithium?

The public offering is being managed by Canaccord Genuity Corp., which is facilitating the distribution and administrative aspects of the offering.

When is the expected closing date for the offering?

The anticipated closing date for the offering is on or about November 19, though this may change based on mutual agreement with the agent.

What is Volt Lithium's main focus in its business strategy?

Volt Lithium focuses on sustainable lithium extraction from oilfield brines leveraging advanced Direct Lithium Extraction technology for effective recovery and cost efficiency.

How can investors find more information on the offering?

Investors can find further information and updates on the offering by visiting Volt Lithium's SEDAR+ profile or reaching out directly to their investor relations team.

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