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by Will Purcell
The critical and specialty minerals stocks box score on Monday was a bleak 66-108-136 as the TSX Venture Exchange fell 14 points to 925. Alex Wylie's Libertystream Infrastructure Partners Inc. (LIB) -- Volt Lithium Corp. until June -- lost one cent to 77 cents on 4.78 million shares. The company is offering 15.38 million shares at 65 cents, seeking $10-million to advance its oil field lithium brine project in Texas.
The cash, the company says, will be used to develop its direct lithium extraction technology, designed to improve operating efficiencies. As well, Libertystream is looking to continue the scale-up of lithium carbonate production at its project in the Delaware basin of western Texas. This scaling up, the company enthuses, will include "moving toward commercial lithium production [and creating] avenues to provide lithium carbonate and other lithium product samples to potential future customers and offtakers." As well, some cash will be reserved for the usual catch-all categories -- general working capital and corporate purposes.
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