Volt Lithium Announces US$1.5 Million Strategic Investment to Commence Field Operations in the Delaware Basin in Texas, USA
Summary
The net proceeds of the Private Placement will be used to build and deploy a field unit for one of the Investors facilities in the Delaware Basin and for general corporate purposes. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.The Delaware Basin is one of the largest conventional oil and gas producing basins in North America, with approximately 10.9 million barrels of water produced every day in association with the oil and gas production.Volt is a lithium development and technology company aiming to be North Americas first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine.For further information, visit Volts website at: https://voltlithium.com/.For Investor Relations inquiries or further information, please contact:This news release includes certain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation, information with respect to the terms of the Strategic Investment and Private Placement, the use of proceeds from the Private Placement, the closing date of the Private Placement, the costs to build the Field Unit, the deployment of the Filed Unit in the Delaware Basin, the production of lithium hydroxide monohydrate by the Field Unit, and the commercial production of lithium hydroxide and lithium carbonates from oilfield brine. Additionally, there are known and unknown risk factors which could cause the Companys actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein including those known risk factors outlined in the Companys annual information form dated February 29, 2024 and (final) short form base shelf prospectus dated July 20, 2023. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.