Volt Lithium Reduces Operating Costs By 64%, Achieving Operational Milestone
CALGARY, Alberta, Feb. 21, 2024 (GLOBE NEWSWIRE) — Volt Lithium Corp. (TSXV: VLT | OTCQB:VLTLF) (“Volt” or the “Company“) is pleased to announce the achievement of another critical milestone on the path to commercializing its proprietary and proven next-generation Direct Lithium Extraction (“DLE”) technology for processing oilfield brines at the Company’s permanent Demonstration Plant in Calgary (the “Demonstration Plant”). As a result of continued DLE technology process improvements, led by Volt’s scientific and engineering teams, the Company has achieved a 64% reduction in full-cycle DLE operating costs to process brine from its Rainbow Lake, Alberta project at Volt’s Demonstration Plant. This reduction builds on the Company’s past success streamlining the DLE process and driving down costs in order to support robust margins for Volt’s production of lithium carbonate, even within a volatile price environment for lithium.
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