Volt Lithium (TSXV:VLT) has recently installed its first field unit in the Permian Basin located in Texas, indicating a significant step towards production. The field unit has the capacity to process over 200,000 liters (1,250 barrels) of oilfield brine per day, which is a notable increase from Volt’s previous processing capabilities of 96,000 liters (600 barrels) a day.
This development signifies a crucial turning point for Volt, positioning the company to initiate direct lithium extraction operations in the field by the third quarter of 2024. The company also announced the opening of trading at $0.46 per share.
Volt Lithium Corp. aims to become one of North America’s pioneering commercial producers of lithium hydroxide and lithium carbonates extracted from oilfield brine. The company has demonstrated continuous progress in scaling up its operations, with plans to achieve commercial production levels of 100,000 barrels per day within the next year.
Lithium is a key component in batteries powering electric vehicles. Volt’s strategic advancements align with global trade dynamics, as evidenced by Canadian government decisions to impose tariffs on Chinese-made electric vehicles, aluminum, and steel to protect domestic manufacturing.
Investors and stakeholders can stay informed about Volt Lithium’s developments through various platforms, including the Volt Lithium Bullboard and Stockhouse’s stock forums. It is important to note that the information provided in this article is for informational purposes only and should not be construed as investment advice. For a comprehensive disclaimer, please refer to the relevant link provided.
