12:19:45 EDT Sat 03 May 2025
Enter Symbol
or Name
USA
CA



Volt Lithium Corp
Symbol VLT
Shares Issued 164,293,755
Close 2024-11-28 C$ 0.29
Market Cap C$ 47,645,189
Recent Sedar Documents

Volt Lithium closes $134,000 final tranche of placement

2024-11-29 03:42 ET - News Release

Mr. Alex Wylie reports

VOLT LITHIUM SUCCESSFULLY CLOSES SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Volt Lithium Corp. has closed the second and final tranche of its previously announced non-brokered private placement of units of the company. The company completed the second tranche of the concurrent private placement by distributing 430,645 units at a price of 31 cents per unit for gross proceeds of approximately $134,000. Together with the first tranche of the concurrent private placement, the company issued an aggregate of 1,559,254 units for aggregate gross proceeds of approximately $483,000. All securities issued in connection with the concurrent private placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant). Each warrant entitles the holder to purchase one common share at an exercise price of 44 cents for 24 months following the date hereof.

The net proceeds of the sale of the units will be used to develop the company's direct lithium extraction technology to improve operating efficiencies; to continue the scale-up of operations at its field unit in the Delaware basin in Texas; and for general working capital and corporate purposes.

About Volt Lithium Corp.

Volt Lithium is a lithium development and technology company, aiming to be one of North America's first commercial producers of lithium carbonates and lithium hydroxide from oil field brine. Its strategy is to generate value for shareholders by leveraging management's hydrocarbon experience and existing infrastructure to extract lithium deposits from existing wells, thereby reducing capital costs, lowering risks and supporting the world's clean energy transition. With four differentiating pillars, and a proprietary direct lithium extraction technology and process, Volt Lithium's innovative approach to development is focused on allowing the highest lithium recoveries with lowest costs, positioning it for future commercialization. It is committed to operating efficiently and with transparency across all areas of the business, staying sharply focused on creating long-term, sustainable shareholder value.

We seek Safe Harbor.

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