Volt Lithium Announces Preliminary Economic Assessment at Rainbow Lake Project in Alberta, Highlighted by 45% IRR and US$1.5 Billion Before-Tax NPV8
CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) — Volt Lithium Corp. (TSXV: VLT) (“Volt” or the “Company“) is pleased to announce the summary results from the Company’s Preliminary Economic Assessment (“PEA”) for the Rainbow Lake Lithium Project (the “Rainbow Lake Project”), a lithium brine project in northwest Alberta, Canada, where the Company owns lithium rights across 430,000 acres of land. The PEA outlines the estimated production scaling from 1,000 to over 23,000 metric tonnes per year of battery-grade lithium hydroxide monohydrate (“lithium hydroxide” or “LHM“) over a 19-year period. Volt’s completed NI 43-101 PEA Technical Report is expected to be filed on SEDAR+ within 45 days.
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