Volt Lithium Corp (TSE:VLT) has released an update.
Volt Lithium Corp. has announced a US$1.5 million investment to kick-start field operations in the Delaware Basin, Texas, using their proprietary direct lithium extraction technology. This investment will fund the deployment of a field unit that will produce lithium hydroxide monohydrate, furthering the company’s goal to become North America’s first commercial producer of lithium from oilfield brine. The financing for this initiative is through a private placement of securities to an investor operating in the same basin.
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