Volt Lithium Efficiently Commences U.S. Area operations and Achieves First Lithium Manufacturing

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• Achieved first lithium manufacturing, advancing Volt Lithium’s dedication to securing a North American provide of lithium
• Start money era by the top of 2024 with the purpose to be money circulation constructive within the first half of 2025
• Poised for long-term cost-effective development underpinned by one of many lowest DLE working value buildings in North America

CALGARY, Alberta, Sept. 26, 2024 (GLOBE NEWSWIRE) — Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF I FSE: I2D) (“Volt” or the “Firm“) declares that the Firm has commenced U.S. subject operations within the Permian Basin in Texas, attaining the numerous milestone of first lithium manufacturing.

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“Reaching first lithium manufacturing establishes Volt as a frontrunner in direct lithium extraction from North American oilfield brines and marks the Firm’s strategic shift from improvement to manufacturing,” commented Alex Wylie, President & CEO of Volt Lithium. “I wish to thank our strategic companion and our devoted employees that enabled Volt to attain this vital milestone.”

Volt Lithium’s Clear Path to Commercialization: First Lithium Manufacturing Achieved

Volt efficiently deployed and introduced on-line its proprietary DLE U.S. subject unit within the Permian Basin on September 17, 2024, positioning the Firm on a transparent path to full-scale commercialization. Underpinned by its low working value construction, Volt is poised for long-term, cost-effective development because it continues to scale up its U.S. operations.

Volt has been working its DLE system within the subject Since September 17, 2024, and is within the strategy of optimizing its subject unit. The Firm efficiently produced lithium focus from its subject unit paving the best way for future business operations.

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Volt’s focus over the rest of the yr will probably be to scale-up operations to construct a listing of lithium focus and lithium carbonate for future business gross sales.

2024-2025 Outlook

As Volt continues to scale-up manufacturing for business operations, the Firm plans to initially produce lithium chloride focus within the subject. Conversion to battery grade lithium carbonate will initially happen at Volt Lithium’s Area Simulation Centre in Calgary, Alberta, with future downstream refining to happen onsite as soon as the Firm has scaled-up to full-scale operations.

The next represents Volt’s targets over the subsequent part of operations:

• Produce lithium focus within the subject for the rest of 2024;
• Scale-up Volt’s subject unit operations to attain business gross sales by the top of 2024;
• Start money era by the top of 2024 with the purpose to be money circulation constructive within the first half of 2025; and
• Scale up business manufacturing to 100,000 barrels per day of brine manufacturing throughout the second half of 2025.

Certified Particular person’s Assertion

Scientific and technical info contained on this press launch has been reviewed and permitted by Doug Ashton, P.Eng, and Meghan Klein, P.Eng of Sproule Associates Restricted, every of whom are certified individuals inside the that means of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”). Mr. Ashton and Ms. Klein consent to the inclusion of the information within the type and context during which it seems.

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About Volt

Volt is a lithium improvement and know-how firm aiming to be one in all North America’s first business producers of lithium hydroxide and lithium carbonates from oilfield brine. Our technique is to generate worth for shareholders by leveraging administration’s hydrocarbon expertise and present infrastructure to extract lithium deposits from present wells, thereby lowering capital prices, reducing dangers and supporting the world’s clear power transition. With 4 differentiating pillars, and a proprietary Direct Lithium Extraction (“DLE”) know-how and course of, Volt’s revolutionary strategy to improvement is targeted on permitting the best lithium recoveries with lowest prices, positioning us properly for future commercialization. We’re dedicated to working effectively and with transparency throughout all areas of the enterprise staying sharply targeted on creating long-term, sustainable shareholder worth. Buyers and/or different events might join updates in regards to the Firm’s continued progress on its web site: https://voltlithium.com/.

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Contact Info

For Investor Relations inquiries or additional info, please contact:

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

Or

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

Ahead Wanting Statements

This information launch contains sure “forward-looking statements” and “forward-looking info” inside the that means of relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “imagine”, “estimate”, “anticipate”, “goal”, “plan”, “forecast”, “might”, “will”, “would”, “might”, “schedule” and comparable phrases or expressions, determine forward-looking statements or info. Statements, aside from statements of historic truth, might represent forward-looking info and embody, with out limitation, info with respect to the phrases of the operational milestone, Quantity Scale-up. Extraction Time Enhancements and Steady Processing vs Batch Processing, the deployment of the Area Unit within the Permian Basin, the manufacturing of battery grade lithium by the Area Unit, and the business manufacturing of lithium from oilfield brine. With respect to the forward-looking info contained on this press launch, the Firm has made quite a few assumptions. Whereas the Firm considers these assumptions to be affordable, these assumptions are inherently topic to vital uncertainties and contingencies and should show to be incorrect. Moreover, there are identified and unknown threat components which might trigger the Firm’s precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info contained herein together with these identified threat components outlined within the Firm’s annual info type dated February 29, 2024 and (closing) brief type base shelf prospectus dated July 20, 2023. All forward-looking info herein is certified in its entirety by this cautionary assertion, and the Firm disclaims any obligation to revise or replace any such forward-looking info or to publicly announce the results of any revisions to any of the forward-looking info contained herein to mirror future outcomes, occasions or developments, besides as required by legislation.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this press launch.

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